Defcon, Silk Road 2.0's Mod, Promises To Reimburse Stolen Bitcoins... Using Future Revenues
A few days ago here at CCN we reported that Bitcoin's black mark Silk Road 2.0 had been hacked. Defcon, in a long post to Silk Road 2.0 forums on Tor, explained that three attackers had used the transaction malleability bug to steal over 4,763 BTC directly from Silk Road's hot wallet. Original estimates still haven't been confirmed but Defcon himself reports that 47% of all users had lost all of their funds. As always, I must warn readers that the majority of things on the Deepweb are not in any way shape or form trustworthy. It is my, and the good Government's advice, to stay away from....
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Editor's Note: The transactions revealed by Defcon only show a total of 4474.26 BTC stolen from presumably only escrow accounts. This sum comes from transactions by attacker 1 only, and do not include the "contributions" of attackers 2 and 3. The previous incorrect estimate of "over 88,000 BTC" came from user estimates of all funds previously on Silk Road 2.0's wallets, or all funds in the wallets of the suspected attackers. Varying reports of the total amount stolen from Silk Road 2.0 stem from inherent vagueness in Defcon's words. The only concrete estimate, taken from Blockchain data....
Silk Road 2 - the follow-up dark web marketplace that took the place of the now-infamous Silk Road run by Dread Pirate Roberts - has reportedly been hacked. The news was first reported by DeepDotWeb. The news was delivered by 'Defcon' on the Silk Road 2 forums (TOR link): I am sweating as I write this. Christmas brought grave news. I cannot adequately express how deeply honored I was by your unconditional support of my staff. I do not expect the same reaction to today's revelations. This movement is built on integrity, and I feel obligated to be forthright with you. I held myself to a high....
Notorious online black market Silk Road 2.0 lost roughly 4,476 BTC (then roughly $2.6m) early this February when its security was compromised in a transaction malleability attack. However, the repayment plan it subsequently implemented is already seeing success, a new report from Vice suggests. The media outlet indicates that 50% of the site's hacking victims have been completely repaid as of 8th April. Announced on 17th February, Silk Road 2.0's repayment plan sought to reimburse the estimated 47% of its users that lost bitcoins in the breach. To refund the accounts, Silk Road 2.0....
In a discussion on the Silk Road forums on the so-called darknet this weekend, some information has come to light regarding Silk Road 2.0 - the second iteration of the online drug marketplace which opened one month following the famous Silk Road shut down by the feds. In the post, 'Defcon' makes users aware that the second Dread Pirate Roberts (also known as "DPR") has gone silent this weekend. The news comes not long after others involved with the operation were taken into custody by authorities. "Three of our crew were lost, and our Captain was forced into exile," wrote Defcon on the....
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....