Zhong was caught because he made basic operational security errors, like address reuse (which is how he was caught by linking fraud wallet to exchange wallet) , static IP, using a KYC exchange in 2017 to convert BCH into BTC, etc. Not because Bitcoin was cracked. After being caught, Zhong voluntarily relinquished his passwords to encrypted wallets and other bitcoin, not that the crypto was cracked.
I wonder how the feds bypassed the statute of limitations on this. He was not identified until almost a decade after the theft. I am guessing his attempts at laundering the money and spending, reset the clock.
I wonder how the feds bypassed the statute of limitations on this. He was not identified until almost a decade after the theft. I am guessing his attempts at laundering the money and spending, reset the clock.