“The federal government has definitely not been damage by Jimmy’s conduct in any respect,” Zhong’s lawyer Michael Bachner instructed CNBC. He famous that if the federal government had gotten its palms on these 50,000 bitcoins on the time of Silk Street operator Ross Ulbricht’s arrest, it could have offered them for about $320 per coin, or roughly $14 million. “On account of Jimmy having them, the federal government has gotten a $3 billion revenue,” Bachner mentioned.
