Nearly $500k Sitting Unclaimed in Silk Road 2.0 Bitcoin Wallets
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....
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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....
Check out this article from The Guardian. Majority of Silk Road's Bitcoins may remain unseized. Four-fifths of the income received by the Silk Road boss, Dread Pirate Roberts (DPR), has not been seized by FBI, research shows. The supposed one-fifth of Silk Road's bitcoins that have been seized are held at this wallet by the FBI: 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX. It is great fun to read through all the transaction notes, angry rantings, loan requests, etc that people are sending to the publicly viewable address. These bitcoins were seized from the Silk Road but they were not seized from....
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....
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....
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