Bitcoin Jimmy Chung | The whereabouts of 50,000 Bitcoins

A very smart child with very good academic performance. Because he has autism, he was bullied and bullied by other children at school. After returning home every day, he shut himself in his room and found his spiritual sustenance on the computer. When the child grew up, he became one of the earliest contributors and players in the Bitcoin community. Because of Bitcoin, he became a billionaire in his twenties and lived a luxurious life. And because of Bitcoin, he was sentenced to prison in 2023. This video tells the story of computer genius Jimmy Chung. Welcome to After Tea and Dinner, a storytelling channel. This channel strives to bring you a pleasant time. Thanks for liking, subscribing and sharing. On March 13, 2019, the police in Clark County, Athens, Georgia, USA received a call to report a crime. The reporter said that he had not been at home for the past few days. When he came home, he found that his home had been burgled. The police asked, what did you lose? thing. The reporter replied that he lost US$400,000 in cash and 150 Bitcoins, which were worth US$600,000 at the time. The police were very surprised after hearing this. Clark County is home to the University of Georgia in Georgia. College students have strong hormones. Most of the reports the police receive are bar fights or burglaries. The amount of property stolen in a burglary is not very high. $400,000 was stolen at once, as well as Bitcoin. It was the first time the police encountered such a case. The police began investigating the case. After investigating for a while, there was no result. The reporter became anxious and hired a private detective. The lady in the photo was the private detective he was looking for. The private detective we imagine should look smart and capable, like 007. However, this private detective does not look like the private detective we imagined. But he is indeed a private detective. The private detective helped the reporter investigate the matter. The reporter brought the private detective to his home and told the private detective where he hid the money. The place where the money is hidden is behind the chimney, which is very hidden. The reporter told the private investigator that only a few people knew where he hid his money. The surveillance system of the person who reported the crime was particularly complete, with multiple cameras inside and outside the house. The private detective obtained the surveillance video of his home. During the surveillance, I found a person who kept a very tight seal on himself. The thief broke through the window and entered the complainant's home. It can be seen from the video that the thieves are very familiar with the people who reported the crime. The reporter’s name was Jimmy Chung. His surname is Zhong, so he must be of Chinese descent. Jimmy was born in 1990. In 2019, he is only 28 years old. Jimmy has no real friends. He lives alone and has a dog. The dog is his closest friend. The people Jimmy associates with are all young people about his age. Most of these people do not have stable and legitimate careers, and are similar to what we Chinese call bastards. The private detective feels that these people who associate with Jimmy don't care much about Jimmy. They are just using him and spending his money when they are with Jimmy. Jimmy is very rich and spends his money lavishly without caring. The house he was robbed from was a bungalow. He also bought a lake house, a boat, a jet ski, and a luxury car. Jimmy especially likes gatherings and parties. He likes to have a large group of people together and make it lively. The reporter interviewed a girl who often attended Jimmy's parties. This girl met Jimmy when she was studying in college. She is a few years younger than Jimmy. Both were former students at the University of Georgia. The girl said that Jimmy often paid for them at the bar. One time, there were more than 100 people in a bar, and Jimmy paid for everyone. Jimmy later told police he spent more than $500,000 in the bar. The girl also said that sometimes when she was in a hurry for money, she asked Jimmy to borrow money. Jimmy never asked Jimmy to lend money. He always lent him as much as he wanted, and he never asked the girl to pay back the money afterwards. Jimmy likes to watch football games. There is a football team in Georgia called the Bulldogs, which reached the Rose Bowl Finals in 2018. Jimmy gathered his fair-weather friends together and rented a private plane. These people took the private plane and flew to Los Angeles. Jimmy rented a very beautiful house in Los Angeles for everyone to live in. They watched football. The location is great and all costs are paid for by Jimmy. In Los Angeles, Jimmy gave everyone $10,000 and asked them to go shopping. The girl said that it felt very good to be with Jimmy. Jimmy is also a warm-hearted person. Because the surveillance of his home is particularly complete, there are many cameras installed inside and outside the house. If a drunk driving or other incident occurs in their local area, Jimmy's camera may capture some information. Whenever the local police investigate a case, Jimmy likes to share his evidence with the police and provide help to the police. However, Jimmy himself also has a criminal record, and he has a drunk driving conviction. A few years ago, Jimmy was chatting with some girls in a restaurant. As he was chatting, he said that he had just bought $30,000 in cocaine and invited the girls to a party at his house. But as luck would have it, there was an off-duty policeman sitting on the table next to them. When the policeman heard this, he immediately called the police station. The police went to Jimmy's house, arrested him, and found a lot of drugs. Jimmy was charged with several felonies. Police analyzed that Jimmy bragging to the girl showed that he was actually lonely and eager to make friends. But Jimmy has no formal profession and has no idea where his money comes from. Someone asked curiously, and Jimmy said that he made money by investing in Bitcoin. There used to be a website called Silk Road on the dark web. Criminals use Bitcoin on this site to trade drugs, guns and pornography, and pornographic services. In 2012, American police shut down the Silk Road. discovered during the police investigation. More than 50,000 Bitcoins were stolen from Silk Road. In 2019, the price of these Bitcoins reached more than $3 billion. Over the years, police have been investigating, looking for the stolen bitcoins, but with no apparent progress. After Jimmy's home was reported stolen, Bitcoin was stolen, which attracted the attention of the IRS Criminal Investigation Bureau. In September 2019, Jimmy did something detrimental to himself again. He transferred $800 worth of Bitcoin to a Bitcoin trading platform. The platform stipulates that when opening an account, you must provide personal real-name information and real-name authentication. Jimmy provided his true information. The IRS initially determined that Jimmy was the person who stole Bitcoin from Silk Road. IRS-Criminal Investigation agents contacted the Athens local police to request assistance in investigating Jimmy. People from the Athens police contacted Jimmy and said that they needed to visit Jimmy's home to investigate the theft of Jimmy's house. People from the Athens police had also been to Jimmy's house before. The Athens police took two people from the IRS Criminal Investigation Bureau to Jimmy's home. Jimmy received the three men warmly. Several people chatted together, and the police asked Jimmy how he made money. Jimmy's answer is that he invests in Bitcoin and engages in real estate. Jimmy also showed the police a photo on his cell phone, which showed a suitcase containing $1 million in cash. Jimmy said that he once pursued a girl and used this to prove to the girl that he was rich and not short of money. As they talked, they began to visit Jimmy's house. Jimmy has a flamethrower in his house and a submachine gun with a loaded magazine hanging on the wall. Jimmy decorated his basement to look like a bar, complete with a pole dance pole. The police teased him for using a steel pipe to exercise. Jimmy replied that it was for girls to play with. Jimmy's home is equipped with many computers. He told police he used the computers to mine Bitcoin. The police asked him how long he had been involved in Bitcoin. Jimmy replied, it started in 2009. In January 2009, Satoshi Nakamoto established the first block of Bitcoin, and Bitcoin was born. Jimmy is definitely a hardcore player. Jimmy opened his computer again and showed the police one of his Bitcoin hot wallets, which contained 1,500 Bitcoins. The police asked Jimmy about his status in the cryptocurrency world. Jimmy said that he doesn't have too many Bitcoins in his hands now. He once mined 300,000 Bitcoins. The police have determined that Jimmy is the person who stole more than 50,000 Bitcoins from Silk Road. Police did not release their basis, citing confidentiality concerns. After that, the police once again went to Jimmy's house on the pretext of investigating the theft of Jimmy's house. After Jimmy was stabilized, a large number of police officers rushed into Jimmy's home and conducted a search. Police found a popcorn jar in Jimmy's bathroom closet with several towels inside and a computer motherboard underneath. The IRS people are confused about this motherboard. It was Jimmy who later took out some Bitcoins from this motherboard. Police also brought in a police dog that was specifically designed to look for computer hardware. With the help of a police dog, a safe is dug out of Jimmy's basement. There are cold wallets that hold Bitcoins in the safe. Early minted physical Bitcoins, precious metals, and older versions of cash. Jimmy was arrested. The investigation found that Jimmy has been an important developer in the Bitcoin community since the birth of Bitcoin and has contributed a lot to the development of Bitcoin. The investigation found that in the early days of the Bitcoin community, hacker culture was prevalent. Everyone uses various methods to destroy the system. Through destruction, problems are discovered and then solved, thereby making the system more robust and perfect. So in the Bitcoin community, it’s hard to distinguish between good guys and bad guys. From one perspective, hackers are assholes. Looking at it from another perspective, hackers are heroes. However, Jimmy said that he was able to steal more than 50,000 Bitcoins not because of his superb computer skills, but because he accidentally discovered that there was a problem with the Silk Road website. He discovered that when he quickly double-clicked the withdrawal button on the website, he could withdraw more funds than he had in his account. After discovering this vulnerability, Jimmy registered multiple accounts on this website and used these accounts to steal more than 50,000 Bitcoins. This is what Jimmy said. Police said there was no actual evidence for that claim. But what they do know is that Jimmy knew exactly how many Bitcoins were in the Silk Road hot wallet back then. Jimmy stole all the Bitcoins. Jimmy said he was familiar with Silk Road website owner Ross Ulbricht. At that time, Ross Ulbricht also knew that Jimmy had stolen more than 50,000 Bitcoins. However, Ulbricht gave Jimmy another 5,000 Bitcoins to thank Jimmy for discovering the problem with his website. After Jimmy had Bitcoin, he used a method called a Bitcoin mixing service to hide the source of the Bitcoin, and then squandered it after cashing it out. After Jimmy was caught, the U.S. government confiscated his Bitcoins. If Jimmy had not stolen these Bitcoins, in 2012, after the US government took down the Silk Road website, they would have confiscated these Bitcoins and sold them in 2014. In 2014, more than 50,000 Bitcoins could be sold for more than 14 million US dollars. Now, after the government confiscates these more than 50,000 Bitcoins, it will eventually sell them. Now it can be sold for more than 3 billion US dollars. So in Jimmy's case, the U.S. government is the biggest winner. Back to Jimmy. Jimmy has been suffering from autism since childhood and was often bullied by other children in school. Jimmy is very smart and has good academic performance. He goes to school every day and is bullied by other children at school. After returning home, he locked himself in his room and found his spiritual sustenance on the computer. Later, when the sentence was handed down in court, no family or friends came to attend Jimmy's sentencing. However, he received several letters of support from friends. One of them said, "My heart is open to Jimmy because all his life, he just wants to love others and be loved by others." In his final statement in court, Jimmy cried. He said that Bitcoin made him feel that he had found the value of life and made him feel important. He asked the court not to put him in jail because he had to take care of his closest friend, and his closest friend was his dog. It should be said that the person who has the closest relationship with Jimmy in the world is his dog. The dog was 13 years old at the time, very old, and needed a feeding tube. Jimmy has been taking care of the dog. Jimmy pleaded guilty to wire fraud, and in April 2023, Jimmy was sentenced to one year and one day in prison. Now he is out of jail. Interestingly, until now, the police have not found the person who stole $400,000 in cash and 150 Bitcoins from Jimmy’s house. Jimmy's story is over.