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38%  
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  • Silk Road 2.0 'Hack' Blamed On Bitcoin Bug, All Funds Stolen

    02/13/2014 7:20:59 PM PST · by 2ndDivisionVet · 45 replies
    Forbes ^ | February 13, 2014 | Andy Greenberg
    The same bug that has plagued several of the biggest players in the Bitcoin economy may have just bitten the Silk Road. On Thursday, one of the recently-reincarnated drug-selling black market site’s administrators posted a long announcement to the Silk Road 2.0 forums admitting that the site had been hacked by one of its sellers, and its reserve of Bitcoins belonging to both the users and the site itself stolen. The admin, who goes by the name “Defcon,” blamed the same “transaction malleability” bug in the Bitcoin protocol that led to several of the cryptocurrency’s exchanges halting withdrawals in the...