Tag Archives: $2.7 million

NEWS: SILK ROAD 2 HACKED, $2.7 MILLION WORTH OF BITCOINS STOLEN


Silk Road 2 Hacked, $2.7 Million Worth of Bitcoins Stolen

Silk Road, an anonymous online marketplace where users paid in bitcoins and the goods were often illegal, was seized and shut down by the FBI in 2013. Shortly thereafter, Silk Road 2 came online and trade resumed. Last week, the site’s administrator announced that hackers had exploited a newly discovered vulnerability in Bitcoin protocol and emptied Silk Road 2’s coffers—withdrawing the equivalent of $2.7 million from customers’ accounts. Not everyone believes the administrator’s account of events; some speculate that he saw an opportunity when the vulnerability came to light and stole the money knowing he could blame the theft on hackers. More… Discuss

 

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