He Stole $3.4 BILLION - But Made One Mistake
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- Опубліковано 4 лип 2024
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In this documentary, I tell the true story of James ‘Jimmy’ Zhong. In 2012, while studying Computer Science at the University of Georgia, he found an exploit on the most notorious darknet market allowing him to take Bitcoins directly from the site. As the years went on and Bitcoin soared in value his loot had increased to a staggering $3.4 billion dollars. For nearly a decade he avoided the FBI & IRS, but in 2019, he made one single mistake leading them directly to his door. Jimmy's case is the second-largest seizure in the Department of Justice's history.
Chapters:
0:00 - Intro
0:50 - Making An Outcast
2:16 - Poor Choices
5:50 - Stealing Billions
9:28 - Bragging Rights
11:19 - SilkRoad Takedown
15:07 - Block Size Wars
19:41 - Spending Millions
21:14 - Downfall Begins
23:59 - NordVPN Ad
25:38 - Downfall Continues
29:24 - The Raid
31:02 - Outcome
www.justice.gov/usao-sdny/pr/... - Розваги
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NordVPN would not have helped this man haha
how about you stop scamming your viewers instead and stop spreading false information.
Is he in jail or free currently?
@@svetaa386he's free
@@CrumbRS sad thing is this story be like me but without the money.. does he have a Facebook or anything like that?
The US has no rights to the coins... I don't see how it is an issue. 9.9 million coins is like half of all the bitcoin.
Yeah, he wasn't running the Silk Road. He was given poisoned bitcoin, and it wasn't necessarily his fault.
It's quite clever if you think about. They can't ban the use of bitcoin like they want, but they can just claim they own all the bitcoin. Legal stealing.
They clearly disagree
than we creat another bitcoin. who gives a shit. IT doenst matter.
Thats why they want to control it. Think, btc skyrockets while institutions hold more than half. Yall are toast.
Dude called the cops to report 700K while u sitting on 3.4B in crazy
when you're fat, your brain doesn't work
That was the only reason he was caught.
It was only 400, he spent half, which makes it crazier
@@lukemiller5022 it also had a usb which has bit coin which was millions and personal information, which is still stupid for calling the cops
Don't call the cops to report your dirty money being stolen.
I love how the judge speculates on what could happen in the future instead of focusing on the facts of the case.
Total speculation, total bullshit.
ya i know what u mean.. so a cop kills just for fun and lies about it ya the cops is fired and all but shouldnt he go to jail for being able to get another gun later on and say oh he is liable and a risk to Society for what the cop did... i find it bullshit just for the goverment to get more money and have funds to line there ow pockets and not get a pay cut at all but to get paid more...
Jesus loves yall, died for us, and rose again! Jesus calls for all of us to repent! He's coming back.
"pre-cog" crime?
How about the first judge who said that every piece of bitcoin that ever went in or out of Silk Road should be forfeited? Ouch.
the craziest part of this story was the irs basically pillaging everything even though they technically didn’t have the legal right
Government: "Taking money from a criminal enterprise is a crime"
Also the Goverment: "We'll be taking the money from that criminal enterprise right about now."
Look like the real criminals was his government.. The people Jimmy gave 1M Bitcoin gifts to are like this 👀
civil asset forfeiture is a very standardised thing in america, and of course they would never tell you about it in school. all the government has to do is make up the flimsiest excuse and say the money was somehow nearby to a crime and they can just immediately take it and split it between the general budget and the department who personally took it
Acting like they arnt doing the same shit and you know every person involved in the bust probably pocketed the cash. Like where did these billions go??
@@astral_hazeeven worse, they can take it from you while just investigating. They dont need to even charge you for it.
@@111Xumi111 yeah i remember hearing they can basically "accuse the asset" as a separate entity and say it isnt a person so it cant have a lawyer and you arent the money so you arent entitled to a say either
This is heartbreaking. The guy just got destroyed for nothing. All they wanted was his money, not justice. 😢
@slow_riding4225damn this made me lol
@slow_riding4225 hOW DO YOU SLOW RIDE do you feet up or boobs down?
With the amount the govt made from that seizure, they should have wiped his taxes and given him no time, but the biggest criminal entity on the planet wants to send a message to us all. It is a bigger criminal and greedier and will take what it wants
seriously though. I wonder what the gov't did with it. Makes me think of all the stolen gold they must have in Fort Knox
@@ThePoliticalLambaster1 Fr they are disgusting. The fed do not seek justice, they'll find any excuse to destroy innocent lives if it profits them.
The justice system is pure evil, Jimmy has every right to those coins. It’s common practice for ethical hackers to find exploits and request a bounty payment. Anyone in the same situation would have done the same. He even told them what the bug was and didn’t keep rinsing them
the real and genuine man was the silk road owner
@@a.....6295But those coins were legally obtained.
Jesus loves yall, died for us, and rose again! Jesus calls for all of us to repent! He's coming back.
@@highestpeeqs9532 What does Jesus have to do with bitcoins?
He hacked a website and stole a bunch of money that was the proceeds of a massive organised crime. That bitcoin is illegal on so many levels. Jimmy definitely didn't have a right to it.
this is the best and most detailed doc on this case. It has details not available in any other doc.......Well done sir.
Jesus loves yall, died for us, and rose again! Jesus calls for all of us to repent! He's coming back.
They didn't care about him, what he was sentenced with or what his crimes were. They wanted the money.
Not sure if you're referring to his parents or the IRS but applies to both lol
@@DakotaZ162 The IRS; his parents were out of the picture as soon as he went to college. Nobody actually watches the video, I guess
@@ilusions4 I'm assuming they heard about his conviction and contacted him eventually, but to ahead with your nonsense accusations
@@DakotaZ162 You're assuming a lot of things, aren't you, big guy?
32:07 He is broke.
@@ilusions4 yeah on paper, imagine believing he doesn't have a few btc somewhere... dudes doing a year for stealing billions indirectly, just remember this guy didn't make a ponzi he literally stole from a crypto casino and held most of it dudes a legend, if he doesn't have anything stashed away he will get taken care of by somebody
Man I was rooting so hard for Jimmy. I wanted him to “win” so hard.
We only hear about those whose success was interrupted by getting caught, but the true 'winners' are still out there.
dummy lost everything for coochie he never even got
Well he did win big for a few years.
he won but he too stupid to continue winning
losers are losers, they dont win
I usually skip the sponsor part, but you made it so smooth that I decided to watch through it. It was brilliant.
No, the sponsor was nordvpn, not brillant :D
Jesus loves yall, died for us, and rose again! Jesus calls for all of us to repent! He's coming back.
it wasn't Brilliant, it was NordVPN
For real, same
Dude could work out a ton, start learning how to socialize, and could be a successful author/speaker if he set his heart to it. He has so many crazy experiences that could still be turned around into a cool life.
If oboma or biden or any of the others can get paid millions for a book that doesn't focus on their crimes Jimmy should be able to get paid multi millions for his book.
Yes, they need to make a movie about him like wolf of wall street as well.
One needs natural ability as well.
@@terminat1natural ability for hat? There is nothing natural about any of thsoe. You learn to do all of the above well.
@@Newuxtreme That is not true. God has given each of us certain natural talents. Not everyone can be a successful author or speaker if only they get motivated and make it happen.
Of course, one can improve what skills one has to some degree.
The US legally had NO right to those coins, and Jimmy didn't even obtain them illegally, he just found a bug in the system. The fact he even forfeited it seems ridiculous to me. He was not a drug dealer, he was just a kid and was alone, I don't blame him for anything he did and it's incredibly depressing how his life turned out. I hope he's ok
Yea like how tf did the government think they had any right to the crypto like?
The government from USA also stole my coins during the BTC-e takedown and I'm not even from the USA I'm from Europe.
all money laundering frauds needs to be returned to government, dont like it? Go live in forest.
The worst part about his story is not the FEDs getting him. Yes, they gave him a bit of a shake down, but for governmental standards they went easy. They still allowed him to live, even if he will pay a monthly forever in to them.
The real kicker is clearly his friends all abandoning him. He no longer has the money, so what value is he to them?
The moral of the story is the old adage: You cannot buy friendship.
They locked him in a cage until he gave it up. 6 months and he was messed with while locked up
10/10 quality (mini)documentary! I feel for the guy. Always left out of society and when he was finally fitting in, it was just because people wanted his money.
Dont feel so bad for him, many people need make something of their lives from scratch, and many do.
I mean, that’s how everyone fits in tbf
Whats there to feel bad for? He added zero value to society and was just a sad soul whom others used to leech off.
He did get really screwed and its surprising his lawyers couldn't retain at least some of his legitimately acquired BTC.
This kid sounds like one of those villains that get killed when they're monologuing.
money cant buy happiness. i feel bad for the dude for sure.
I have never waited & rewatched any youtube channel more than crumb in my entire life
poor dude man, I hope to god jimmy gets back on his feet and recovers, he did not deserve this.
I can understand seizing drug money, but surely there was a way to separate his legitimate earnings. Taking it all is borderline despicable.
They did separate his legitimate funds, actually Jimmy's lawyer hired a tracing firm to do that work. But, since Jimmy spent some of the SilkRoad proceeds the government took all his legit money to make up for it
@@CrumbRSexplain his attorneys? And what did his parents say? He needs to appeal with real attorneys, sounds like he was set up by the feds
@@CrumbRS how does the law here work? is it that the government can seize all earnings if any illegitimate earnings are spent, even if you can pay back all illegitimate earnings spent with legitimate earnings? because if so, that's a terrible law and if I were in office I'd fight it. did he springboard his legitimate funds with some illegitimate ones?
The real criminals are the government and irs fu## them
Taking all his money is criminal, and the gov't is despicable.
It's just beyond cruel to force him to have to pay taxes on the forced liquidation of the bitcoin.
Welcome to America.
Insult to injury.
Fuuuuuck the us court system
doesnt make sense, hus must have a capital loss on the forfeiture
That was so messed up :(
I like the way you talk, you end your sentences reasonably instead of drawing the syllables out. I enjoy your videos. 😊
As someone who still suffers from effects of adverse childhood bullying and abusive family I feel so bad he had to go through this shame. I hope one day he is able to fully accept and love himself as he is without caring single bit about what others think.
Jimmy if you're seeing this, hope you're ok man. Life is always worth it. You're a brilliant mind. You'll be at the top again.
agree 1,000% us "justice" system did him wrong. I might get my door kicked in at 3am for saying that, but these are the times we live in now, 100% fascist dystopia.
@@alfredharrison597they is no justice when money involved... It Is the ugly truth, US raided middle east is for the sake of their oil but claiming to serve justice is just pure lies. Bailing out greedy corporates in 2008 that took the risk by using tax payers money is another injustice. Many many more examples.
Honestly, I hope he just learns not to brag so much and makes the money back his own way. The government screwed him so hard. Dude literally only robbed a drug dealer.
hes in prison till april
@pedrocardoso2029 he only got a 1 year sentence so no
I hope you're doing okay now Jimmy. Seems like most people are rooting for you.
He can withstand 10,000 psi pressure….don’t worry for him!
@@spanishjo4282 bro, no
The American dream is death after watching this case... even when you get succes, some NAZI gestapo criminals inside the IRS wants to bring you down.. sad for Jimmy who had such a sad life
@@spanishjo4282Who knows, one day he could fight a teenager who looks like a bodybuilder.🤔
he doing doordash via bitcoin now
The IRS/US is the real villain in this piece tbh.
This is what you call not having any street smarts.
Jimmys a good guy. The modest house, flying his friends out. I hope hes doing okay
yeah so sad
Yup
huh
@pedrocardoso2029
He spent one year did u even watch the video@pedrocardoso2029
@pedrocardoso2029 his crime doesn't match the punishment
The Fed didn’t do anything differently then what Jimmy did.
not even close
They have the gun. That's the difference.
@timopint1125 how so?
True, they did much worse than him. The Fed are the real criminals here
@@SoTrue144 Jimmy found a bug, that it's. The Feds kidnapped him and stole everything he had. There is a huge difference.
This was so well put together. I heard the story and seen videos but this was so thorough
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life....
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@ramadhanipongela1360 You are right. Been thinking of going into gold and cyptocurrency
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
Imagine you get your salary, then the police arrests you, takes your money and charges you for any money already spent because years prior that money was used in a drug trade once.
So essentially the "mistake" the guy made was to live in a country where "justice" is arbitrary and the government can rob you if they don't think that you should have money.
If I was him I would've have moved to the middle East or Eastern Europe or South Asia
Don't trust the government they're full of bs
To be fair that analogy isn't quite right, you'd have to be in the middle of a drug deal, take out a bundle of money from the stash and say "it's my pay day, kool?" and pablo would be like "ay cool m8, here have another 50k for your troubles kid 😊", then years later while working at staple your FBI raids you and tell you "that money you got was illegal money" and then you'd have to be like "oh what OMG for real? do you mean that when I was buying drugs and hookers it wasn't a legit business? OMG! no way! 😱"
Seriously the comments here makes it sound like Jimmy got his coins in a totally legit way... granted he shouldn't have lost ALL of his coins, but the vast majority of his coins were indeed from an illicit source. I truelly wish that he never lost his money, but he fucked up, and that's to me is why Bitcoin is such a fucking joke.
Why do people want to use a coin that is 100% traceable if you have enough time and resources? (aka gov)
Why people aren't more into Monero blows my mind.
@@svampebob007I have been wondering your last question for years.
@@svampebob007
Even if we assume you're correct, any third party receiving that money from one of those drug traders would still "make the same mistake" of having money that was involved in a drug trade.
So your supposed "correction" of the analogy doesn't change the issue, you just try to divert attention from obvious flaws in the logic used by the IRS.
Why do you feel the need to defend terrible law practices by such dishonest means?
So all he did was exploit silkroad and the feds took all his money....absolute bs
Department of Justice, talk about false advertising.
Every crime is essentially an exploit of a flawed system… still a crime
...you're surprised the government took his stolen crime money?
The problem with many of these folks that commit money crime’s dont leave the us. Like get the money f off this shithole nation and never return. Also give up your nationality.
For real
It is good we acquire as much wealth as we can, most people fail to understand what it takes to become wealthy, they want to become wealthy overnight by thinking their savings will help them attain that, they fail to understand that investment is what truly builds wealth. I advise you all key into investing and earn side money than depending on your savings if you truly want to be wealthy
You are right.!
That is why I had to start forex trading 2months ago and I now am making benefits from it..
My first investment was with Shanita Creswell, it gave me profit of over $80,000 Us dollar...
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
Yes. You're right it's not watching all videos and wasting time on strategies, I was ignorant doing so till I Met expert Mrs. Shanita Creswell sometime early last year at a startup funding event in New York City. She had some interesting things to say about the state of algorithmic trading today, very obviously I'm seeing the results, and my trading is going smoothly.
That's gotta be the best embedded sponsor ad I've seen. Usually I smell them coming a mile away.
DPR handled it like a legend. Took the hit like a man, and rewarded Jimmy for the info.
@slow_riding4225 DPR handled being robbed the smart way, he knew an angry hacker with a way in is way more dangerous than placating him
@slow_riding4225 how tf is that gaslighting?
@@cat-le1hfsure, but he didn't have to pay him after he acquired the method, so that's a tip of a hat.
Dpr is a legend. Peace be with him.
He couldn't exactly call the cops. And with Jimmy having the exploit 'in hand' he was basically holding all the cards. He can spread word about it or just steal more and there's nothing to be done until you know how to fix the issue and it'd probably be too late by then. Was smart to handle it that way though.
Owing money to the extent that you'll never pay it off is basically telling the person to end it... We have to find a better way to punish people for crimes.
we all will die one day owing money to the government, we will own nothing. White people need to be removed from their power and send to a camp to uncolonize their mind for 9 generations in a row.
Meanwhile we have actual people commiting securities fraud, getting off with less. This dude just stole from an illegal company, and lived off legal income. Insanity
And he only got 1 year in prison after all this. Lived high on the hog for a decade and barely got 1/10th of that time in prison.
Can‘t you just declare bankruptcy and move on? I have no idea whether that works when it‘s your punishment but yeah
@@leonsvideos Not from the government
I wish I could save this to the rest of my documentaries... 😅
Thanks for sharing, great presentations.
19:54 bro got everything but a gym membership 💀
Civil forfeiture is the most insane of US laws. I remember we used to study in criminal justice that people could seize assets and the agents were basically incentivized to do everything possible to find a crime so the government gets to keep it. It would be like if you got pulled over and your car was seized because it may smell like weed. But when you fight it in court, you realize they hold all the cards and attorneys
Sounds like a place that I once knew existed centuries ago.
Not to mention they can do illegal spy-ops to catch you, and if you get a Franks trial (unlikely) they'll make you plead anyway
And any money you could have used to fight back would have been seized as well 😂
Oh they don't even need a crime. Your house, yeah a rare animal lives next door and for the good of the city we are just taking your property. Here's 50$ go away
man i can't imagine what life must be like going forward. almost not worth continuing on after seeing what it's like to be on top of the world, and knowing you'll never be there again.
What's worse is none of his previous friends are there for him.
Jesus loves yall, died for us, and rose again! Jesus calls for all of us to repent! He's coming back.
@@highestpeeqs9532 cap
I don't know, his life sounded sad with only luxury as his only vice. No love from his parents, fake freinds, and no real love life. Not hating, but I just felt bad for him the entire time.
@@Yoshi-qp1mg id argue thats better than no friends, no money, still no love from his parents and still no love life
you sir, are the premier content creator of this type of cybercrime content alive today. Keep going!
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The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH... Stock)
She is really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment
YES!!! That's exactly her name (Sarah Jennie Davis) so many people have
recommended highly about her and am just starting with her from Brisbane Australia
I thought I'm the only one that knows her well I guess her good reputations speaks for her now
This sounds so good and i would like to be a party to this, is there any way I can speak with her?
Genuinely enjoyed watching this entire video throughout. You're very good at putting documentaries together. Keep up the amazing work!
You're the GOAT always appreciate you ZigZag
Zigzag you are a nobody
epic Battles player detected 👁
@@CrumbRSAre you hiring any editor? I can edit any way you want.
Didnt expect to see you here
Jimmy hooked his people up fat, that shows what kind of a person he is and honestly thats all i care to make an assessment on, dude wasn't greedy, enjoyed all that life had to offer, partied hard and most importantly wanted to share it with the people he cared about but was lacking a vital component in his life amongst all of it and thats a loving companion you can dick down any time you want, what a shame... Sad that it all came crumbling down but in my eyes he's a legend and if you're reading this Jimmy you got my respect.
Same.
Dude had a heart of gold and patience. The FEDs got him by a tiny slip-up and only got to him because draining people of funds to make them dependent is their Agenda.
As the socially awkward child, I completely understand everything he did. The government did him dirty. Unfortunately I’m not surprised….
Lmao
He had billlions of easy money of cou😢he’ll give some away
Wasn't greedy? Wut? If he wasn't, he would have stopped piling that fortune long ago.
Lol as soon as he mentioned Jimmy not using a VPN I just KNEW an ad was coming lol
Thank you for this awesome documentary! You have provided me with a huge interest in this kind of stuff, and I am even using this documentary in my college English research paper. Keep up the good work :)
It is illegal to have too much money, according to the IRS and government apparently.
US Govt is broke. Plus he is "Chinese" So US GOVT love setting these people up and destroying their lives.
Well he should've paid his taxes on his stolen BTC 😂
@@LamGorYun He literally did, did you even pay attention to the video
@@smileyface6837 He only paid taxes on the bitcoin he mined. His mistake was not reporting and paying taxes on the stolen coins. That was the reason why the irs was on him in the first place. 🙄
@@LamGorYun so his mistake was to self snitch?
His lawyer should express that he was awarded these funds as a bug bounty.
it's clear this was the case. entire thing is absurd. he was literally thanked for doing it and saying how by the enterprise founder.
I think that's clear. The problem I'd, silk road itself was an illegal business. Any funds it generated were dirty. He knew what silk road was.
@@davidmaly6606 I see it that he provided a service for them and the transaction was completed. Who's to say all the traffic on silk road was dirty.
For example, should all the airlines and food vendors give their money to the government because it was once part of a silk road transaction?
@hex3n na in this specific case I think they have right to the silk road funds he had. I do think he should've kept his legally obtained bitcoin though.
@@davidmaly6606 Then why the fuck they took his legal BTC too? and taxed his never used illegal ones?
this nordvpn ad doesn't feel as annoying as the other ones, in fact, it's pretty cool seeing that the guy could have gotten away if he just bought a vpn.
Na he wouldn’t NordVPN takes logs 😂😂😂
The way you sunk that promotion in the video is crazy
Dude was ahead of his time. Pitty his lawyer was not.... The system bent him over
he did not built his turf like hiring a bunch of lawyers from the deep of the earth. You know , raising a lawyers for yourself. Helping the in need to achieve their dream for your own benefit. Those billionaires did that! They are raising a bunch of loyal armies.
Crazy that I actually talked to this guy a couple times in Athens GA when I lived there. My friend and I were both Uber drivers and I just made small talk with him but he was a really nice guy (he was pretty drunk). I remember he had a pretty beat up Mercedes parked on the side of his house but the thing that really seemed out of place in a college town was a Lamborghini he had (always parked in the garage at that house).
My friend talked to him a little more in depth and he said his Lambo was in the shop getting some mods done to it. He asked Jimmy what he did for a living and he was vague, just saying he made money online. It’s wild seeing a random video suggestion about a guy I met a couple of times.
This is by far the most heartbreaking story I watched, he wanted acceptance in the community yet the only thing accepted was his money 😢 FUCK THIS WORLD
Well look at him, the guy just didn't want to improve himself, lack of self awareness is terrible. We are visual animals, if you can't accept or learn that, you need to smarten up.
@@asniffer6532 yea just realized, he coulda attempt to change but nah
@@gqa7329 Right? A normal man who wants acceptance and attract girls will do what? Hit the gym, eat healthy, go out and be active. He already got the brains so all he had to do was get the body.
Nope. Cocaine. Illegal activities. Troll on internet. The guy literally lacked severe self awareness.
bad for him he's mentally weak. If u got that wealth u should be smart and not too lavish lol
So wtf did the govt do with all the seized coins??????
Great story-telling and journalism brother! Seems you’ve definitely done your research. You’ve provided us with a very informative and entertaining piece. Great production, editing, and articulation. You were concise and I think you were able to cover a lot of material very efficiently. Thanks for your time, efforts, and for this video! 🙏
This is the type of content I wish there was more of on UA-cam - I'm glad to support you over the years and whenever you release something I'm always dropping everything to watch it! Keep up the good work man!
the transition btw the video and the vpn add is incredible hahah well done
Bullying is so damaging. It leads people down such dark paths.
Hey Crumb, I loved your old RuneScape videos... but I'm so happy that you're blowing up making long form content revolving around Cybersecurity! It's insane to see how many views/subs you've gotten so fast!
Me too :) Felt like I covered everything I wanted to with respect to rs content, was time to change it up
@CrumbRS Definitely reaching a wider audience. You have good story telling skills.
I just happen to be a former rs bad guy so this stuff piques my interest lol
Honestly I’m loving the branching out content. Can’t wait for more!
@CrumbRS I remember when you used to ask others to read quotes on your vids, and ask for feedback. You've come a long way. Always a pleasure to watch your vids.
@CrumbRS the street gangs, biker gangs, prison gangs and drug cartels will go to darknet, hacking and bitcoins because I made a lot of blogs with links related to cyber education tips in blogspot.
Someone needs to spend the money and have that ruling overturned.
That's the same as saying the US can seize your cash because someone did blow off of it!
What a horrible move by him to relinquish his btc.
Poor guy.
google civil asset forfeiture.... prepare to be shocked.. !! happens ALL THE TIME !!
Seriously, they just seized everything so he couldnt afford bail.. Knowing they could get him to cave
Yep. The real tragedy is the kids life and lack of op sec. He was desperate for anyone to trust and thought the government was somehow his friend. Don't talk to cops. Moral of the story.
i mean he techically helped the silk road fix their website, although i like the guy, he has no chance of winning any case
Crumb sir, you've done an excellent job in breaking all this info down and delivering it in a way that is easy to follow 👍. Great job!
Yo crumb I’ve been watching you for years, atta job on the content, it’s refreshing for a change ❤
I don't even feel like he commited any crime. This guy should be free and enjoying his $$$
tax Evasion
@@schwingedeshaehers in the video they said he always paid his taxes on the BTC he sold.
@@7evive I don't know if he has to mention/... The other ones to. But I agree, he should be free (and the max penalty should have been the tax for the not sold bitcoin as maximum (maybe a bit more as penalty, but not much))
@@schwingedeshaehersSo the penalty for "tax evasion" (complete bs) is to take everything away from him???
@@upstar21t die you read my comment?
If yes, that it at least not what I meant
This was the longest commercial for nord VPN I've ever watched
Watching this was like watching a full 2h movie recapped in a 30m video😅
The feds should of just hired this guy instead of serving out his sentence and letting him keep the money but pay taxes. The amount of good coders we need today is rare and he could of saved dozens of hacks in the current de-fi space now. The de-fi space has lost over $76 billion and only $6 billion recovered.
The worst part is: You know this dude would have become a White Hat in the long run. Heck they could have even taken him in.
I don't condone what Jimmy did and think he deserved jail time. Still, I'm not sure what value they would have gotten by turning him White Hat. He found a simple vulnerability some teenage hacker could have found.
@@josephjohnson1057deserved jail time? It was an absolute victimless crime
de-fi is a ponzi scheme lol
I'm so happy you called it booger sugar. When you huffed I was thinking "please call it booger sugar, please call it booger sugar."
You got a new sub just for that.
That was a smooth af ad transition I'll give you that.
the ending to this story actually disgusted me. they shouldn't have been able to take his legitimate assets. poor dude.
That’s what happens in a corrupt nation
There’s no way this guy can walk around truthfully saying he was once a billionaire and not go anywhere in life.
no one cares about that?
Tell that to most lottery winners.
Imagine the government walking into a store and taking money out of the register bc the serial code linked back to a bank robbery a decade prior
Technically they can. With currency it's not as likely, but it can happen if they were to find piles of it with matching numbers.
Bitcoin is just that, fully tracable money.
Imagine the FBI going into a safety deposit box business and confiscating All the boxes because they suspect One of them contains money from illegal activity and then keeping Everybodys money. 😮
The transition into the NordVPN sponsorship was hilarious
Imagine taking a Uber and start talking with the driver about life 😅 what a great story to hear
fun fact, I don't think Nord would help here. The IRS would have traced it back to nord and told them to hand over the info. It's been shown groups like nord and other VPNs keep your data just in case of situations like this.
Yea so your info is NEVER private on the net it can always be traced back.
NOTHING is private, they can track you by satellite if they want to too...
@@TheSjeize There must be solutions because people get away with much worse.
If I was a lawyer I'd reach out to him, and take on this case for a cut of the bitcoins.I think this is a very winnable case. He didnt know who ross albricht was. Those coins were earned for providing technology advice because he was a computer science major, which isnt illegal.What ross chose to do with that was entirely up to him.
the judge ruled all the coins that passed through silkroad were forfeited whether ross albricht was currently in possession of them or not. its not right but its unwinnable.
@@qwertl99there is no winning when the other party can make or break rules on a whim
@@qwertl99 then he can appeal.
@@abcdefghi9 Thats not how our government works, the rules are in place for the government not the people.....
@@adamhearts9195 no its def winnable just like he said, if I was a lawyer I think its a 40% chance that I could win with all of the proof and substantial evidence that he never spent any money of the bitcoin that he "scammed" and that the judge is just abusing his power because the company that he DID steal from, was illegal, its like going to jail because you robbed a drug dealers factory of 1.6million, than calling the cops for the drugs then they arrest you because you took the money (even if they did somehow find out)
Lol that was the best Ad segment ever
Billionaire to Uber driver how it happened would be a great documentary and I hope he takes us down his life story
Don't get fooled by this video, Nord VPN will hand out all your data on a silver platter once the IRS knocks on the door. I know he was doing a bit to segue into the ad, but it might've given the impression to someone that this is safe.
EXACTLY! Most of these VPN companies will do this. Now, they will try to sell you their services by saying they don't save any log files. What they don't tell you is that if they get a warrant from ANY government agency about a particular subject they are investigating, they WILL track you without letting you know. The ONLY way to counter this is by getting a VPN service from a country that is NOT part of the five or eleven eyes (I am unsure if I said the second one correctly). The five eyes are countries that work with the United States, and vice-versa, to investigate a suspect. The United States does not have jurisdiction over any countries outside this group.
Unfortunately, many VPN services outside the five or eleven eyes are not that great. Some of them are, but you must do your homework and try different ones out.
10/10 documentary, when i saw it was 30m i thought it was too long, but it's so well put together time flew by, props to you !
I was like why did it end so fast lol 😂❤
"It was pretty lucrative being Jimmy's friend." LOL
Excellent video, and the best segue into a sponsor
The us has no right for the coins, he deserves to be paid back all of his legitimately earned assets. Such a shame.
He stole the coins
@@cat-le1hf no he didn't steal all of them, he had 40million is legit coins he mined. Secondly owner of the place he "stole" them from was okay with it, and thanked him, and paid him bitcoin on top.
To think that if he never went on silk road, he could still have lived the exact same lifestyle clean and legit. what a shame
Honestly true
Most likely would have sold but to live in a million dollar house on 1000 btc would have been more than doable.
Well...none of us were totally sure about things back then. In 2014 if someone said BTC would be worth 60k one day....everyone would have called them an autist.
It’s crazy how the government can take every single penny that you own and you can’t do anything about it. RIP Jimmy. You didn’t deserve that.
I imagine him explaining to Uber passengers, that he is an ex billionaire
The IRS went after the wrong billionaire in this case. Worst case scenario, he should be liable for the value of the BTC in 2013 and some hefty interest and fines. Not everything
exactly
Dudes a legend. government did him dirty
That's what I'm saying
Absolutely smashed it with this video! nice job Crumb
Nice segue into your sponsor 😂😂 Just found your channel & am loving these videos, thanks for this great content! I know you were joking earlier, but wow, if Jimmy HAD used a VPN, it could have made all the difference for him. You'd think such a "smart" man would have thought of every single detail to avoid being caught 🙃
appreciate you
This video will break the internet, perfect editing and story telling LOVED it
Amazing content man! I found you from your RuneScape videos, but these documentaries you make are some of the best on UA-cam. Keep up the phenomenal work, you’ll keep blowing up!
Thanks for the suggestion. I will try this out sometime.
Getting pantsed is an underrated move. It’s a finishing move
NordVPN would turn me in if the Feds came knocking? I’m out.
Yes, they will give them the EMPTY logs 😁
Man, I love these cyber crime docos
Good work Crumby
I like how right beneath this video there's an ad promoting Bitcoin
man is being released next month
So he should be home now 🤣🤣🤣🤣
Been watching your channel since the Runescape days and this is one of my favorite channels today.
Happy to see you get the success you deserve!
Appreciate you
Imagine getting sentenced because of a possible "victim of tomorrow". Holy mother of God Jimmy looked so friendly and got absolutely screwed.
"Highly sophisticated nature..." He literally hit the withdrawal button twice. 😂😂😂
I never heard of this guy ... interesting video. Clearly well researched 👍 Good content creator