Silk Road 2 Admin: 82 Percent of Customers Repaid Following February Hack
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....
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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....
According to reports, the founder of the now-defunct Silk Road 2 marketplace has forfeited more than half-million dollars worth of bitcoin to British authorities. White’s Silk Road 2 admin handle was called “Cthulhu,” and he also dubbed himself as “DPR2.”
Silk Road 2 Admin Thomas White Forfeits $667K in Bitcoin
In April 2019, Bitcoin.com News reported on Thomas White, the lead administrator of the now-defunct Silk Road 2 darknet marketplace (DNM), getting sentenced to five years in prison. The Silk Road 2 (SR2) DNM was the original Silk....
One of the big news items last week was that Silk Road 2 was allegedly hacked. The underground drug marketplace's admin, Defcon, said hackers from Australia and France did away with over 4,000 BTC, nearly $3 million USD. The heist raised conspiracy theories almost immediately, with users suggesting the site's admins stole funds and blamed the incident on a transaction malleability flaw in the bitcoin code that has been documented since 2011. "First, to dispel rumors. We are deep into the investigation of data surrounding the attacks, and it there is absolutely zero evidence of any staff....
28-year-old Brian Farrell aka “DoctorClu”, a senior admin and second-in-command on Silk Road 2.0, the copycat clone of the original underground darknet website Silk Road was sentenced to eight years in prison. DoctorClu, the right-hand man to Silk Road 2.0 chief Blake Benthall aka “Defcon” and second-highest admin at Silk Road 2.0 was sentenced to 8 years in prison after pleading guilty to one count of distribution of cocaine, heroin and methamphetamine. Brian Farrell, plead guilty in March 2016 and his plea was accepted the following month. The charge carries a minimum sentence of five....
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....