Silk Road 2.0 hacked through malleability, ~4000 BTC STOLEN

[misternanyte]

The good news is nobody had their Bitcoins stolen.   The site may never be able to repay the bitcoin IOUs it issued and now no longer has the alleged ability to repay, but if you don't have the private key for "your coins" guess what?  You never had any bitcoins.

Not sure how many thousand more of these hacks and "hacks" it will take before that concept sinks in.

+1000

Then again, what do we expect from junkies smoking pots and doing drugs?....

multi-billion dollar companies like Microsoft, Apple, Virgin were all founded by "junkies" smoking pot and doing drugs.  The last three presidents of the United States were also these "junkies" you speak of.

Bad rebuttal there.

All those people are evil.

[franky1]

If you keep your BTC on an illegal goods website run by drug dealers you deserve to get your funds stolen...

+1

and the bad attempt to blame malleability as the cause for the silk road owner to profit at others expense is the second part of why i laugh at silk road news.

[bbit]

I've never understood ( assuming the admins do drugs ) why people would be shocked that drug users can't pull it together and run a site. I'm shocked!

[franky1]

If you keep your BTC on an illegal goods website run by drug dealers you deserve to get your funds stolen...

+1

and the bad attempt to blame malleability as the cause for the silk road owner to profit at others expense is the second part of why i laugh at silk road news.

mtgox stole everyone's coins too.

Do I have any proof or evidence to back this up?  No, I'm just blindly speculating based on my misguided principles and incorrect stereotypes.

well silk road admits the coins will never get returned.. but MTGox still says that the coins are available. so he is either playing the pirate@40 long con, stringing people along as you say. or the coins will be returned.. we still dont know 100% what mtgox drama will develop.

but the silk road drama, is just comedy to me. what do they expect when using silk road as a bank (store of value). even with paypal i only deposit fiat the day i wish to buy something. or if i sold an item on paypal, id withdraw the money the day its available. drug dealers deserve it as they know they cant simply inform the police of the theft. thus they should have been more careful when handling money.

[bbit]

I've never understood ( assuming the admins do drugs ) why people would be shocked that drug users can't pull it together and run a site. I'm shocked!

People's ignorance and hypocracy about drugs is shocking.  The majority of business owners, entrepreneurs, successful people, drink alcohol at the very least.

Alcohol is a hard drug with a successful marketing machine behind it.

I suppose you're not a drug user at all?  You don't use alcohol, caffeine, nicotene?

Ya ya right ...thats why they all get hacked when your high on your supply shit happens.   Alcohol is not like meth or heroin sorry.

I've used all 3 you mentioned  but none compare to meth or heroin.

[bbit]

I've never understood ( assuming the admins do drugs ) why people would be shocked that drug users can't pull it together and run a site. I'm shocked!

People's ignorance and hypocracy about drugs is shocking.  The majority of business owners, entrepreneurs, successful people, drink alcohol at the very least.

Alcohol is a hard drug with a successful marketing machine behind it.

I suppose you're not a drug user at all?  You don't use alcohol, caffeine, nicotene?

Ya ya right ...thats why they all get hacked when your high on your supply shit happens.   Alcohol is not like meth or heroin sorry.

I've used all 3 you mentioned  but none compare to meth or heroin.

The most popular purchases for US Silk Road users are MDMA, LSD, and Marijuana, in that order.  All three of these drugs are less dangerous and addictive than alcohol:

http://qz.com/162021/the-most-popular-drugs-bought-with-bitcoin-on-silk-road/#162021/the-most-popular-drugs-bought-with-bitcoin-on-silk-road/

Meth and heroin didn't even make the list.  Silk Road gets used primarily by intelligent, tech-saavy young adults as a place to procure substances that are less dangerous than alcohol.

There you go . Include  MDMA ,LSD and yes Marijuana. Your fooling yourself if you don't think drugs play a part in the downfall of these sort of things.  All the drugs you mentioned are evenly addictive.  I'm not referring to the users, I'm speaking about the owners of the site and/or the vendors also. These vendors are morons if you ask me and def. high on their own supply. Some of the stuff they do is mind blowing stupid like that Ross Ulbert guy . He made so many mistakes its like amateur hour. You can brush this stuff off, but the reality is drugs FUCK YOUR MIND up.

[bbit]

I've never understood ( assuming the admins do drugs ) why people would be shocked that drug users can't pull it together and run a site. I'm shocked!

People's ignorance and hypocracy about drugs is shocking.  The majority of business owners, entrepreneurs, successful people, drink alcohol at the very least.

Alcohol is a hard drug with a successful marketing machine behind it.

I suppose you're not a drug user at all?  You don't use alcohol, caffeine, nicotene?

Ya ya right ...thats why they all get hacked when your high on your supply shit happens.   Alcohol is not like meth or heroin sorry.

I've used all 3 you mentioned  but none compare to meth or heroin.

The most popular purchases for US Silk Road users are MDMA, LSD, and Marijuana, in that order.  All three of these drugs are less dangerous and addictive than alcohol:

http://qz.com/162021/the-most-popular-drugs-bought-with-bitcoin-on-silk-road/#162021/the-most-popular-drugs-bought-with-bitcoin-on-silk-road/

Meth and heroin didn't even make the list.  Silk Road gets used primarily by intelligent, tech-saavy young adults as a place to procure substances that are less dangerous than alcohol.

There you go . Include  MDMA ,LSD and yes Marijuana. Your fooling yourself if you don't think drugs play a part in the downfall of these sort of things.  All the drugs you mentioned as evenly addictive.  I'm no referring to the users, I'm speaking about the owners of the site and/or the vendors also. These vendors are morons if you ask me and def. high on their own supply. Some of the stuff they do is mind blowing stupid like that Ross Ulbert guy . He made so many mistakes its like amateur hour. You can brush this stuff off, but the reality is drugs FUCK YOUR MIND up.

My main point is that it's extremely hypocritical to act like mdma, lsd, marijuana users are beneath you if you drink alcohol, which is a harder drug than the aforementioned three.

Fair enough. I'll concede you the point you are seeking to make but what about mine ? Good debate 

[sgk]

Come on! How does a malleability attack steal their all coins 'SLOWLY' and they don't notice it until all of them are gone?
They stole the coins themselves and took advantage of the malleability situation as an excuse.

[BitTheCoin]

Why would the creator of Silk Road 2.0 sabotage his business like that by stealing all the money from the marketplace? Wouldn't he have made more money from the business long term instead of just taking the money and running, if he even took it in the first place?

[bbit]

I've never understood ( assuming the admins do drugs ) why people would be shocked that drug users can't pull it together and run a site. I'm shocked!

People's ignorance and hypocracy about drugs is shocking.  The majority of business owners, entrepreneurs, successful people, drink alcohol at the very least.

Alcohol is a hard drug with a successful marketing machine behind it.

I suppose you're not a drug user at all?  You don't use alcohol, caffeine, nicotene?

Ya ya right ...thats why they all get hacked when your high on your supply shit happens.   Alcohol is not like meth or heroin sorry.

I've used all 3 you mentioned  but none compare to meth or heroin.

The most popular purchases for US Silk Road users are MDMA, LSD, and Marijuana, in that order.  All three of these drugs are less dangerous and addictive than alcohol:

http://qz.com/162021/the-most-popular-drugs-bought-with-bitcoin-on-silk-road/#162021/the-most-popular-drugs-bought-with-bitcoin-on-silk-road/

Meth and heroin didn't even make the list.  Silk Road gets used primarily by intelligent, tech-saavy young adults as a place to procure substances that are less dangerous than alcohol.

There you go . Include  MDMA ,LSD and yes Marijuana. Your fooling yourself if you don't think drugs play a part in the downfall of these sort of things.  All the drugs you mentioned as evenly addictive.  I'm no referring to the users, I'm speaking about the owners of the site and/or the vendors also. These vendors are morons if you ask me and def. high on their own supply. Some of the stuff they do is mind blowing stupid like that Ross Ulbert guy . He made so many mistakes its like amateur hour. You can brush this stuff off, but the reality is drugs FUCK YOUR MIND up.

My main point is that it's extremely hypocritical to act like mdma, lsd, marijuana users are beneath you if you drink alcohol, which is a harder drug than the aforementioned three.

Fair enough. I'll concede you the point you are seeking to make but what about mine ? Good debate 

I agree that if you are running a criminal enterprise, or even a low level criminal.  It is smart to stay completely sober and focused at all times.

Lol...... well played ... *shakes your hand*   till next time!

[seriouscoin]

Why would the creator of Silk Road 2.0 sabotage his business like that by stealing all the money from the marketplace? Wouldn't he have made more money from the business long term instead of just taking the money and running, if he even took it in the first place?

Because he can just make another site after this. His identity is unknown who said he got any "reputation"

Ppl still find it hard to believe that mallebility doesnt simply mean stealing your coins ? Stupid as stupid does.

... No its not possible to steal your coins... you're an idiot for believing the story.

[justusranvier]

Shouldn't this thread be in Service Discussion?

[Newmine]

Come on! How does a malleability attack steal their all coins 'SLOWLY' and they don't notice it until all of them are gone?
They stole the coins themselves and took advantage of the malleability situation as an excuse.

agreed!

[harkonnen]

Maybe it was DEA who raided the site.
In that case, it wasn't hacked, but confiscated.

[Maged]

Why would the creator of Silk Road 2.0 sabotage his business like that by stealing all the money from the marketplace? Wouldn't he have made more money from the business long term instead of just taking the money and running, if he even took it in the first place?

Because he can just make another site after this. His identity is unknown who said he got any "reputation"

Seriously, this site has been around for all of a few months. In my time here, I've seen plenty of people with that short of a reputation run away with a profitable business for much less.

I imagine that he got scared that he would be caught by the feds, so instead of taking the profit over time and risking his ass, he decided that he was much safer just stealing the funds all at once.

[cAPSLOCK]

Christ, reading this it's like Occam came to bitcointalk and traded in his razor for a plastic spork.

Contender for best post in thread.

[darkmule]

Christ, reading this it's like Occam came to bitcointalk and traded in his razor for a plastic spork.

No shit.  And then tried to shave with it.  Is there seriously anyone here who believes this cock-and-bullshit story?

Also, there are still people out there stupid enough to treat an anonymous site exclusively operating for the purposes of criminal activity as a goddamn online wallet?  Are these people retarded?  How many times do they have to learn this lesson?

[c0dex]

Christ, reading this it's like Occam came to bitcointalk and traded in his razor for a plastic spork.

No shit.  And then tried to shave with it.  Is there seriously anyone here who believes this cock-and-bullshit story?

Also, there are still people out there stupid enough to treat an anonymous site exclusively operating for the purposes of criminal activity as a goddamn online wallet?  Are these people retarded?  How many times do they have to learn this lesson?

People believe what they want to believe, even though it isn't always reality or truth. Greed is also a strong motivator which I'm sure is a huge part of why people will continue to trust those places (though they should not).

[cAPSLOCK]

You know, the FBI and DEA etc etc would be KURAZY not to have a room full of the most talented savant/analyst/tech gurus just pounding away 24/7 on ways to do exactly what just happened...

I bet they are mad the owner beat them to it this time.

And some of you think he doesn't have an incentive to take the money and run.

LOL.

[wickedgoodtrader]

Malleability? Hahahaha, the fucking admins stole all of it. What kind of idiot would put money into that website is beyond me.

Why would the already wealthy admins of a darknet site steal a measly 4000 BTC when running the site with its reputation intact would net you 1000+BTC per week?

You don't know how wealthy they are. Fuck, SR 2 has only been up for a short period of time. If 4000 BTC meant nothing to them they would have eaten the loss and not said a fucking word about it as to keep trust in the site.

Also, where the fuck do you get off thinking they make 1000+ BTC a week?