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Huge bitcoin heist: Black market drug shop Sheep Marketplace poofs with $40 million
ComputerWorld ^ | 12/2/2013 | By Darlene Storm

Posted on 12/02/2013 3:44:07 PM PST by Lazamataz

Did a hacker or hackers pull off a huge heist from one of the biggest black market drug-selling sites, or did the operators of the anonymous digital narcotics bazaar, Sheep Marketplace, just get away with stealing at least $5.4 million and perhaps as much as $40 million from their clients?Sheep Marketplace and stolen bitcoins

After the shutdown of Silk Road in October, Sheep Marketplace became the most popular illicit virtual drug shop. Like Silk Road, Sheep Marketplace was a Deep Web site accessible via the Tor network; customers paid in the digital currency Bitcoins. But by Saturday, Tapscape reported, "It appears as though the entire site was a scam, resulting in all of the buyers and sellers losing their money. Concerns regarding the legitimacy of the site came into play once the administrators at the marketplace decided to prevent vendors from withdrawing any of their bitcoins from the site."

Then on Sunday, Sheep Marketplace administrators posted on the homepage


(Excerpt) Read more at blogs.computerworld.com ...


TOPICS: Crime/Corruption
KEYWORDS: bitcoin; bitcoinheist
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Well, while my radar is up as regards the problems associated with BitCoins in terms of security of your funds, I must admit .... my give-a-s*** meter is pegging a little lower because of the illicit, drug-related nature of the buyers and sellers.

Besides, who deals on a website named "Sheep Marketplace"? Aren't you just SCREAMING to be shorn, there?

1 posted on 12/02/2013 3:44:07 PM PST by Lazamataz
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To: Lazamataz

bttt


2 posted on 12/02/2013 3:45:52 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: Lazamataz

Round up the usual suspects - NSA, FBI, CIA.


3 posted on 12/02/2013 3:48:27 PM PST by DManA (rs Jus)
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To: Lazamataz

Sounds like a “White Collar” episode.


4 posted on 12/02/2013 3:48:33 PM PST by boxlunch (Psalm 2)
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To: Lazamataz

5 posted on 12/02/2013 3:51:39 PM PST by EEGator
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To: Lazamataz

Silicon Valley catches Bitcoin fever
http://www.freerepublic.com/focus/f-news/3097361/posts

A Prediction: Bitcoin Is Doomed to Fail
http://www.freerepublic.com/focus/f-news/3097365/posts

Bits and Bob [analysis of Bitcoin]
http://www.freerepublic.com/focus/f-news/3097370/posts

Bitcoin Under Pressure
http://www.freerepublic.com/focus/f-news/3097394/posts

The Rise and Fall of Bitcoin
http://www.wired.com/magazine/2011/11/mf_bitcoin/all/


6 posted on 12/02/2013 3:54:06 PM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: Lazamataz

Baaah-baah. I was robbed of anonymous coins at the sheep market place. Talk about leading lambs to their slaughter .


7 posted on 12/02/2013 3:54:39 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: Lazamataz

The Winkelvoss twins have recently made a major investment in Bitcoins future.

I have seen a half dozen or so articles, PR if you will, about Bitcoin that are unusual.

From what I can tell, they are trying to normalize Bitcoin as an accepted “store of value” publicly, so they can establish an EFT or derivatives market.

I don’t think this latest issue will deter their efforts.


8 posted on 12/02/2013 3:57:26 PM PST by Zeneta
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To: Lazamataz

I’m sure Interpol will get right on it!


9 posted on 12/02/2013 3:58:57 PM PST by dynachrome (Vertrou in God en die Mauser)
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To: dynachrome

In other words, everyone made their money and are now out.


10 posted on 12/02/2013 4:07:00 PM PST by EQAndyBuzz ("Senator Cruz basically made the Democrats fight for a whole bunch of things that they already had.")
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To: Zeneta

“so they can establish an EFT or derivatives market.”

Wow! How many layers of abstraction would that involve. Take a virtual currency, then create derivatives, ....” It’s liken nothing to the Nth power.


11 posted on 12/02/2013 4:08:09 PM PST by USFRIENDINVICTORIA
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To: Lazamataz
And to this news I say...
12 posted on 12/02/2013 4:10:35 PM PST by Tainan (Cogito, ergo conservatus sum -- "The Taliban is inside the building")
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To: Lazamataz

hahaha

can’t exactly call the cops and say the dealer stole your drug money...

heh


13 posted on 12/02/2013 4:10:43 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: Lazamataz

recently another story had a website called Zambian Meat

just don’t go there


14 posted on 12/02/2013 4:12:14 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: USFRIENDINVICTORIA

It is simply the logical extension.

An extension that would provide virtually NO RISK if plays out.


15 posted on 12/02/2013 4:12:42 PM PST by Zeneta
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To: Red in Blue PA

Now would be a good time to pull out the nuclear weapons if the authorities (community) of Bitcoin had them. Or, perhaps they could have simply used them as a deterrent to prevent these kinds of thefts.


16 posted on 12/02/2013 4:14:23 PM PST by Sawdring
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To: GeronL
Druggies do things a "bit" more serious. I don't see this ending well and
whomever has the money might just disappear either by their own method or someone else's.
17 posted on 12/02/2013 4:16:00 PM PST by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: Zeneta

I hadn’t thought about it, before you mentioned it; but, now I agree — it’s inevitable.


18 posted on 12/02/2013 4:16:04 PM PST by USFRIENDINVICTORIA
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To: Lazamataz

Lots of weirdos on the internet


19 posted on 12/02/2013 4:17:38 PM PST by Rome2000 (THE WASHINGTONIANS AND UNIVERSAL SUFFRAGE ARE THE ENEMY -ROTATE THE CAPITAL AMONGST THE STATES)
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To: Lazamataz

The poor !?! Have you met them? They haven’t two bitcoins to rub together.


20 posted on 12/02/2013 4:18:59 PM PST by windcliff
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