Silk Road 2.0 hacked through malleability, ~4000 BTC STOLEN

[fcmatt]

Release the source code and prove the bug is real and exploitable.

To prove what exactly? If the police cannot catch them why in the world do they care what others think?
Bitcoin has become internet crime's biggest toy in ages. It is the perfect thing for them. Like a kid in a candy store. Every bad guy, hacker, con man, etc is working night and day to rip all of us. And more then likely get away with it to.

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[TrollboxChamp]

Is anyone surprised. I mean i smoke some pot. Definitely dont buy it online tho.

People who deal with those kinds of things are shady!!!

I think this admin is so dumb he thought he could get away with this malleability lie. Drugs have rotted his brain. hahaha

[hilariousandco]

They claim to intended to pay it all back, wow, that will take a while!

yep, best of luck to anyone with moneys in there!

http://www.coindesk.com/pay-back-silk-road-2-0/

Interesting. Not sure if they'll live up to that promise though. Maybe just buying time or attempting to take  the heat off.

[Pugsare4mugs]

They claim to intended to pay it all back, wow, that will take a while!

Haha, 4000 BTC says they won't!

[roslinpl]

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?

You can say that to all scummers
Why would they do a good deals and earn money? why they want to steal your money?

[raskul]

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?

the answer to that is simple - it's not a long term business.

[hilariousandco]

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?

the answer to that is simple - it's not a long term business.

Yeah, plus the operators of these will probably get caught sooner or later. Maybe it's better to run with a few million and live your life in relative comfort than have to deal with the astounding stress and constant paranoia of running something so dangerous.

[WorldWideBTC]

Of course. I mean, given how often this happens- its hard to understand why someone would deposit funds on these things.

It's hard to understand why someone would pay someone to send them illegal drugs through the U.S. mail, often to their actual physical home address, turning what would otherwise be a minor possession misdemeanor into a major federal felony subjecting them to following a state jail term with a trip to Club Fed.  

What conceivably makes this look like a good idea?  People are stupid, I guess.

Also receiving and signing for an un-opened package at your door is not against the law. Unless someone can prove that you ordered illegal drugs online they have nothing to charge you with. 

Yeah keep telling yourself that.  If you don't think there are plenty of people behind bars for much less you are literally retarded.

They aren't behind bars for receiving a package. They are behind bars for providing a pattern of behavior proving a criminal activity. There was an incident involving an otherwise upstanding citizen receiving a package in the mail. He brought it inside, and LEs swarmed into his home later. Turns out it was a drug dropoff that he had no knowledge of. He didn't get charged.

I've said this before, and I'll keep saying it - if it were a crime to receive a package containing illicit materials, you could send anyone you had a grudge against away pretty easily thanks to the wonders of internet contraband purchasing. I could literally send a package of coke to your house, and make sure to tip off the DEA about it when it ships. They would trap the package, probably GPS it, and storm you when you open it.

Plausible deniability is the cornerstone of of the internet drug market. This fails when they put a hook into you. Once you establish a pattern of criminal behavior, you're done. Then every package received or seized CONTRIBUTES to that pattern of behavior. THEN you do fed time.

But anyway. The thread was about ~4000 BTC being "stolen" from SR 2.0, not the debates over the "intelligence" of running a mail-order drug empire.

[darkmule]

But anyway. The thread was about ~4000 BTC being "stolen" from SR 2.0, not the debates over the "intelligence" of running a mail-order drug empire.

The very nature of the business speaks for itself as to the wisdom of treating it as some kind of online wallet.  Of course, even an "honest" online wallet is a crap shoot, and the only place to keep BTC (you don't mind losing) is under your own control in your own wallet (and even there taking it offline into cold storage is preferable).

[gorgoros]

Come on, silkroad 3.0!

[hilariousandco]

Come on, silkroad 3.0!

Haha. I'm sure the next market to thrive will be decentralised in nature. SR will have to implement a better escrow system like some other marketplaces are doing.

[HorseCoin]

Silk Road will die.  primarily cause i have to enter the login captcha code like 12 times before it will let me in.

and that whole "we recommend laundering money" thing ticks me off.

i'm not a fucking criminal why should i launder BTC i legally paid for

[hilariousandco]

Silk Road will die.  primarily cause i have to enter the login captcha code like 12 times before it will let me in.

and that whole "we recommend laundering money" thing ticks me off.

i'm not a fucking criminal why should i launder BTC i legally paid for

Works for me usually, but I can't browse the site for long without getting a message about updating servers which I'm sure is just BS.

[Lauda]

Silk Road needs to die along with Gox.

[km4700ruda]

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.

[roslinpl]

Silk Road needs to die along with Gox.

it is Like Silk Gox

or MtRoad

should make that fusion ?

[darkmule]

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.

The admin is continuing to operate the site and diverting the site's commission to pay everyone back.

The site rakes in millions of $ worth of BTC per month in commission.  Nobody in their right mind would jeopardize that income for a measly 4000BTC.

Nobody in their right mind would risk a mandatory minimum life sentence to deal drugs for any amount of money.

[dopecoindude]

Come on, silkroad 3.0!

Haha. I'm sure the next market to thrive will be decentralised in nature. SR will have to implement a better escrow system like some other marketplaces are doing.

HAHAHA DOPECOINS.com BRING on silk 3.0!!

[darkmule]

The fact that the admins are continuing to run the site and pay everyone back disproves the "they took the money and ran in fear of getting caught" theory.

Call me back when they do something other than SAY they're going to pay everyone back.  You know, like when they actually DO pay everyone back.  I seem to remember pirateat40 saying he was going to pay everyone back, too.  And at least half the other scammers who waltzed off with other people's money.

[Bitcoinpro]

The fact that the admins are continuing to run the site and pay everyone back disproves the "they took the money and ran in fear of getting caught" theory.

Call me back when they do something other than SAY they're going to pay everyone back.  You know, like when they actually DO pay everyone back.  I seem to remember pirateat40 saying he was going to pay everyone back, too.  And at least half the other scammers who waltzed off with other people's money.

same branches of people behind this are the same people behind mtgox, silk road 1 and utopia its not a total blind guess either, they have a penchant

for drugs and ponzi's ultimately they will attack the network itself that's why you should acquire hard assets as part of your portfolio,

http://en.wikipedia.org/wiki/Opium_Wars

http://en.wikipedia.org/wiki/2007%E2%80%932012_global_financial_crisis