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Degens Deteriorating
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In 2012 a college kid in Georgia found a bug on Silk Road, the biggest drug market on the internet.

He clicked withdraw 5 times a second and walked away with 50,000 Bitcoin.

Nobody caught him for 10 years. By 2021 that stash was worth $3.4 billion.

And then he turned himself in without realizing it.

Jimmy Zhong was a CS student at UGA. Autistic, bullied badly growing up, basically no real friends. He wasn't even on Silk Road to hack it... he was there buying cocaine.

Then he noticed the withdrawal system was broken. Deposit 500 BTC, spam the withdraw button fast enough, and the site paid you out 5 times before it updated your balance. Deposit 500, pull out 2,500.

He did this over 140 times in a few hours. 50,000 BTC, worth about $600K back then.

And here's what separates him from every other thief: he didn't touch it. Just let it sit while Bitcoin ran. When the Bitcoin Cash fork happened in 2017 he sold the forked coins and bought 3,500 more BTC with the proceeds. The stolen pile literally paid him dividends.

The money was never his problem. Being alone was.

Then in March 2019 one of those "friends" robbed his house. Took a briefcase with $400K cash and a USB drive holding 150 BTC.

And Zhong, sitting on $3.4 billion in stolen crypto, panicked and called 911.

Told the operator he was having a panic attack. Filed a police report about the theft of his own stolen money. That report landed with IRS Criminal Investigation, who'd been hunting the missing Silk Road coins for years.

A few months later he moved $800 worth of BTC through a KYC exchange. Eight hundred dollars. That one transaction mixed coins from the 2012 hack with a wallet tied to his real name. The IRS subpoenaed the exchange and had his ID and IP address within days.

Undercover agents visited him pretending to help with his burglary case. He was so happy someone finally took him seriously that he opened his laptop and showed them $60 million in Bitcoin sitting on the screen.

November 2021, the raid. $661,900 cash in a safe buried under the floor. Gold bars. Physical Bitcoin coins.

The keys to the 50,491 BTC? Inside a Cheetos popcorn tin, under a pile of blankets, in a bathroom closet.

Second largest financial seizure in US government history.

Now the part that breaks people's brains.

His sentence: 1 year and 1 day.

SBF got 25 years. Shoplifters in some states get more. Zhong stole $3.4 billion and served about 10 months, because his lawyers made one argument the judge couldn't ignore: the only victim was Silk Road itself. You can't rob a drug cartel.

Zhong beat the blockchain, the FBI, and every tracing tool on the planet for a decade.

He lost to a broken window and a panic attack.

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The Great American State Fair is preparing for huge Fourth of July weekend crowds, with organizers adding misting stations and other cooling measures to help visitors beat the extreme heat

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Foreigner who became a citizen in 2018 sits at Washington's desk, flanked by migrants, for America 250

Deliberate symbolism of conquest

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JUST IN: Palm Beach I-95 exit signs are officially being changed to β€œDonald J. Trump Int’l Airport” as the airport’s name transition begins

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NASA INBOUND FOR AMERICA’S 250TH.

DON’T MISS IT. Tomorrow, NASAAdmin Jared Isaacman will take to the skies for a flyover above the National Mall as America celebrates 250 years.

This is one you won’t want to miss.

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HELL YEAH! A pilot just used his airplane to draw a USA 250th banner using his flight path

It took him over FIVE HOURS of flying time to do this.

What a PATRIOT!

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JUST IN: Iran says "imagine having forty-something million of your own citizens on food stamps and calling another nation hungry."

"This is a projection. Keep your SNAP advice."

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BREAKING: Trump just announced he has signed pardons for six people who were persecuted by the Biden administration

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Tonight it’s spinach fettuccine and a fresh san marzano sauce with an absurd amount of basil and garlic

all straight from the garden

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Supposedly the creator of the original doge coin pronounced it like β€œdoggy”, dog-e being the way a dog might spell doggy

Do you know what β€œNICE DOG-E” anagrams to? GENOCIDE. Wake up people

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As many blue cities in the US cancel July 4th fireworks, this is the scene today in Tokyo:

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β€” BREAKING: Russian forces liberated the city of Konstantinovka in the Donetsk People's Republic

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The AI Revolution is reshaping South Korea’s economy:

The value of South Korea’s exports rose to a record ~$270 billion in Q2 2026.

This comes as South Korea's exports jumped +59.5% YoY in June, an acceleration from the already strong +53.4% gain in May.

Semiconductor exports continue to lead the gains, surging +199.5% YoY, to $44.8 billion, driven by strong AI and data center investments.

Shipments of computer-related products soared +308.8%, while petroleum products rose +49.8%.

AI demand has made South Korea into an economic powerhouse.

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