Bitcoin News: Hackers Steal $2.7M Worth of Bitcoin

Two other bitcoin exchanges recently experienced problems

   

Bitcoin News: Hackers Steal $2.7M Worth of Bitcoin

In another bit of negative bitcoin news, millions of dollars worth of the digital currency was recently stolen from an online marketplace.

Bitcoins 300x168 Bitcoin News: Hackers Steal $2.7M Worth of Bitcoin
Source: Flickr

The Silk Road 2 website has confirmed that it was hacked. Cyberthieves exploited a vulnerability in its software, allowing them to steal $2.7 million in bitcoins from customer accounts. While all of its bitcoins were stolen, Silk Road 2 says that customer data was not compromised in the attack, the BBC notes.

Bitcoins185 Bitcoin News: Hackers Steal $2.7M Worth of Bitcoin
Bitcoin: It’s a Trade, Not an Investment

Silk Road 2 is the successor to Silk Road, the online marketplace that was shut down by U.S. regulators last year over allegations that it facilitated money-laundering and narcotics trafficking. Silk Road 2 allows customers to make anonymous transactions, including bitcoin trades.

This is just the latest negative bitcoin news. Earlier this month, bitcoin values plunged after hackers launched a denial-of-service attacks on two prominent bitcoin exchanges, forcing them to temporarily halt bitcoin withdrawals.

The administrator of Silk Road 2 said the website should have taken steps to halt bitcoin withdrawals in the wake of the bitcoin news about problems at the other exchanges.

More Bitcoin News:


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/bitcoin-news-hackers-steal-2-7m-worth-bitcoin/.

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