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Author Topic: The Rise and Fall of James ‘Jimmy’ Zhong  (Read 1431 times)

Offline TomPluz

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The Rise and Fall of James ‘Jimmy’ Zhong
« on: June 21, 2024, 05:36:58 AM »


From the video description: This is 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.

My takeaway: This is a very interesting story akin to the many stories we heard of the rise and fall of this and that. Jimmy got almost everything he wanted in life but we should realize that when fate is going to intervene there is nothing we can do but just to close our eyes and maybe even just pray. For me, Jimmy's story speaks a lot of his gift, intelligence and a lot of luck but then at the end he lost everything. When we don't rein in our human nature, something will really happen to stop us and correct our ways.






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The Rise and Fall of James ‘Jimmy’ Zhong
« on: June 21, 2024, 05:36:58 AM »

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Offline pakhitheboss

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Re: The Rise and Fall of James ‘Jimmy’ Zhong
« Reply #1 on: June 26, 2024, 09:36:54 AM »

My takeaway: This is a very interesting story akin to the many stories we heard of the rise and fall of this and that. Jimmy got almost everything he wanted in life but we should realize that when fate is going to intervene there is nothing we can do but just to close our eyes and maybe even just pray. For me, Jimmy's story speaks a lot of his gift, intelligence and a lot of luck but then at the end he lost everything. When we don't rein in our human nature, something will really happen to stop us and correct our ways.

Watched the 32-minute video and found it to be interesting and felt sorry for this guy who had a bad childhood. That does not justify what he did but for a short period, he did enjoy living a luxurious lifestyle. I agree with you it was his fate that led to his arrest and the end of his happy life. I also felt that his greed and his showoff cost him as his luck had faded away.
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Re: The Rise and Fall of James ‘Jimmy’ Zhong
« Reply #1 on: June 26, 2024, 09:36:54 AM »

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Offline Husires

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Re: The Rise and Fall of James ‘Jimmy’ Zhong
« Reply #2 on: June 26, 2024, 11:46:58 AM »
James Zhong was unable to enjoy that revolution, and he had to be very careful and careful in choosing his friends or who he talked to, because one mistake could lead you to prison, and by human nature, they always make mistakes, so this is the end of most thefts.
He would have been better off trying to get a settlement and get 5% of that money legally, pay taxes and enjoy his life.

 

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