After Massive Hack, It's Pay Back Time for Silk Road 2.0
Online black market Silk Road 2.0 has announced via reddit that it will forego paying its staff until it reimburses users for the more than 4,000 BTC that was compromised last week. The massive loss is said to be the work of enterprising hackers, who exploited bitcoin's ongoing transaction malleability issues to steal funds from the site, though other, more colorful theories abound. Silk Road 2.0 moderator Defcon issued a seven-point repayment plan to the community yesterday. Effective 15th February, the proposal reaffirmed his outlet's commitment to its merchants and clientele, and was....
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The latest reincarnation of the deep web marketplace, in the form of Silk Road 3.0 is started by the people behind Crypto Market. Will they be able to live up to the expectations? Silk Road is reincarnated for the fourth time. The deep web marketplace is back online after its predecessors were forcibly shut down by the law enforcement agencies resulting in the creator’s arrest and incarceration. Silk Road used to be a network of trade routes traversing through the whole of Asian continent to connect with the Mediterranean Sea. It originally got its name for being the route taken by the....
The FBI shut down black marketplace Silk Road a year ago. This hidden website was used for the sale and purchase of items and services such as drugs, weapons, fake passports and other forged documents. To refresh your memory of the full Silk Road story, check out our interactive timeline below: This article is part of CoinDesk's Silk Road: One Year On series. Keep checking back for new additions to the series. Road. Silk RoadTimelines
Online black market Silk Road 2.0, the marketplace leader in drug listings and total listings, has revealed a new update on the status of its ongoing customer repayment efforts. The reimbursement plan was put in motion by Silk Road 2.0 after the site suffered a serious hack in February that resulted in the loss of 4,476 BTC in customer funds ($2.6m at then-market prices). Undeterred, Silk Road 2.0 proposed a seven-point plan that would find moderators going without payment and the site charging a markup on purchases to recoup the losses. Moderator Defcon issued a lengthy statement on a....
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....
In a very surprising turn of events, it turns out Silk Road 3.0 is back online after a lengthy absence. Several new security upgrades have been implemented, and the overall design has been changed as well. However, the people running the platform are still the same, by the look of things. Silk Road 3.0 Comes To Life Again. The name Silk Road is entwined with Bitcoin, as the deep web marketplace has attributed to the legacy and validity of cryptocurrency as a global payment method. However, the platform was also associated with illegal trading, drug trafficking, and various other claims.....