Silk Road Hacker Jimmy Zhong Arrest Details Come to Light

“The government has certainly not been hurt by Jimmy’s conduct whatsoever,” Zhong’s attorney Michael Bachner told CNBC. He noted that if the government had gotten its hands on those 50,000 bitcoins at the time of Silk Road operator Ross Ulbricht’s arrest, it would have sold them for about $320 per coin, or roughly $14 million. “As a result of Jimmy having them, the government has gotten a $3 billion profit,” Bachner said.