4 Comments

Remember that wave of fraudulent attacks sweeping the Bitcoin exchanges? It’s still going on, and this time the attackers pilfered an estimated $2.6 million worth of bitcoins from Silk Road 2, the second incarnation of the venerable online drugs-and-hitmen marketplace. In a “I am sweating as I write this” message to the platform’s denizens, Silk Road admin Defcon conceded that everyone’s cash was gone. “I should have taken MtGox and Bitstamp’s lead and disabled withdrawals as soon as the malleability issue was reported,” he sweated. So much for escrow.

  1. On the other hand, it’s useful that we’re hammering out the flaws with shadow economy transactions before blockchain goes mainstream. Would be nice to hear from Ben Horowitz on this.

    Reply Share
  2. “Show me the money!” — Jerry McGuire

    “I don’t want return on my money, I want return of my money.” — Will Rogers

    Reply Share
  3. Good job those criminals who buy drugs or launder money at Silk Road lost all their bitcoin and I hope they launch their hitmen against the Silk Road exchange criminals who have set up a convenient story to steal it all. Thick as thieves, you just can’t trust nobody!

    Reply Share