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 Silk Road 2 loses $2.7m in bitcoins in alleged hack

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Silk Road 2 loses $2.7m in bitcoins in alleged hack Vide
PostSubject: Silk Road 2 loses $2.7m in bitcoins in alleged hack   Silk Road 2 loses $2.7m in bitcoins in alleged hack Icon_minitimeFri Feb 14, 2014 5:38 pm
The anonymous online marketplace Silk Road 2 says it has been hacked resulting in the loss of all its customers' bitcoins.

Silk Road 2 loses $2.7m in bitcoins in alleged hack _72985032_72985025

An administrator for the site said hackers had manipulated computer code enabling them to withdraw $2.7m (£1.6m) worth of the virtual currency.

It follows similar attacks on two exchanges that trade in bitcoins earlier in the week.

Silk Road 2 is known for selling drugs and other illegal items.

The site is only accessible through Tor, a network that allows users to browse anonymously online. The virtual currency Bitcoin is often used in transactions as it also grants users a degree of anonymity.

The original Silk Road site was shut down by the FBI in 2013 but those behind it said they would start a new site and shortly afterwards Silk Road 2 appeared online.
Completely empty

In a statement posted on Silk Road 2 forums, the administrator of the site, known as Defcon, said: "We have been hacked."

"Nobody is in danger, no information has been leaked, and server access was never obtained by the attacker.

"Our initial investigations indicate that a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as "transaction malleability" to repeatedly withdraw coins from our system until it was completely empty," he said.

More:  http://www.bbc.co.uk/news/technology-26187725
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