Silk Road 2 Loses Over $2.6 Million in Bitcoins in Alleged Hack
Dark market web site Silk Road 2 has told customers that all of their bitcoins are gone after a massive hack, in which at least 4,476 bitcoins (worth over $2.6m at current prices) are believed stolen. Organizers at the site are blaming the compromise on the transaction malleability attack in the news this week. "Our initial investigations indicate that a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as "transaction malleability" to repeatedly withdraw coins from our system until it was completely empty," said a post from Defcon, one of the site's....
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Here's an interesting one. In a newly-posted update on the Silk Road 2 forms, the illicit drug marketplace has announced that just over 82 percent of customers who had funds stolen in an early February hack have been repaid. That hack caused considerable damage, with the amount of bitcoins stolen pegged at 4474, amounting to nearly$3 million at them time (today worth about $2.5 million). Just days later, the marketplace's administrator, Defcon, committed to repay all who lost bitcoins following the calamity. There was hesitation in the community, even doubt. But he has seemingly made good....
How many bitcoins have been mined so far? How many bitcoins did the FBI seize during the Silk Road investigation? Where did all those bitcoins go? Who has the most number of bitcoins in the world? These are some of the questions that are bound to be asked at one time or another, unless you have already asked that to yourself. Starting with, How many bitcoins have been mined so far? To give you the statistics, out of the total 21 million bitcoins to be mined, over 14.75 million bitcoins are already mined. The total number of bitcoins mined so far can be found at this link. Time for the next....
The 29,655 bitcoins seized by US law enforcement agents from defunct online black market Silk Road will be liquidated by the US government, a 16th January press release from the US Attorney's Office of the Southern District of New York confirmed. US District Judge J. Paul Oetken signed off on the forfeiture order on Thursday, clearing the government to sell the assets, which as of press time are worth more than $25m. While no timetable for the sale was issued, the development brings the government one step closer to unloading its Silk Road holdings, estimated to be 1.5% of all bitcoins,....
Back in October many of the trolls and ents of Reddit muttered and mumbled to themselves about joining together in a class action lawsuit to claim pieces of the 29000 Bitcoins seized by the FBI on October 2nd, 2013. The 29,000 Bitcoins taken from Silk Road servers on that day belonged to the international motley crew of buyers and sellers on Silk Road. Many of those Bitcoins were tied up in escrow in ongoing deals, or simply sitting in the accounts of buyers and sellers waiting for withdrawal or use. Nothing came of all the hubbub raised by Silk Road users about their Bitcoins being swept....
For the last two months, the lawyers for Ross Ulbricht have tried to shift the focus of the case onto the FBI, bringing into question the legality of their actions. How did the FBI obtain the information that brought down Silk Road and leads the current case again Ulbricht? Mr. Ulbricht is facing charges of drug trafficking, computer hacking, money laundering, and "continuing criminal enterprise." Ross Ulbricht, better know to many as the alleged DPR or the Dread Pirate Roberts, stands accused of creating a billion-dollar online black market known as Silk Road. Silk Road is a marketplace....