Bitcoin News: Hackers Steal $2.7M Worth of Bitcoin

by Christopher Freeburn | February 14, 2014 11:33 am

In another bit of negative bitcoin news, millions of dollars worth of the digital currency was recently stolen from an online marketplace[1].

Bitcoins[2]

Source: Flickr[3]

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.

Silk Road 2 is the successor to Silk Road, the online marketplace that was shut down by U.S. regulators last year[4] 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[5].

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:

Endnotes:

  1. recently stolen from an online marketplace: http://www.bbc.co.uk/news/technology-26187725
  2. [Image]: https://investorplace.com/wp-content/uploads/2013/11/Bitcoins.jpg
  3. Flickr: http://www.flickr.com/photos/94480396@N03/9527545619/in/photolist-fvVanV-c7TeVY-e9SmUj-e9LG7B-e9LGa4-e9SmRY-gGPW7Z-gGHPHM-gGGQdP-gGQRbT-gGQT8b-gGPuRZ-gGGMyR-gGKKiy-gGKsRe-gGQCfz-gGHfXQ-gGKoCd-gGQPhA-gGQDZA-gGH99t-gGPa8F-gGQSLZ-gGKzwE-gGQnoQ-gGPF17-gGQPTn-gGLhKP-gGGKoY-gGQ2SN-gGQtjt-gGQF5G-gGQzK3-gGPnUw-gGHFex-gGRdyn-gGRmkp-gGQVp2-gGQLQD-gGKkDN-gGKCVU-gGQL7s-gGKQah-gGRhjt-gGQy8N-gGR1Rz-gGPGh3-gGKSvt-gGNZGf-gGQ8T2-gGQUSJ
  4. was shut down by U.S. regulators last year: https://investorplace.com/2013/10/silk-road-fbi-shuts-down-notorious-black-market-website/#.Uv5CtXlhOf0
  5. forcing them to temporarily halt bitcoin withdrawals: https://investorplace.com/2014/02/bitcoin-news-bitcoin-hit-denial-service-attacks/#.Uv5DI3lhOf0
  6. Bitcoin News: Bitcoin Prices Plunge on Mt. Gox Glitch: https://investorplace.com/2014/02/bitcoin-news-bitcoin-prices-mt-gox/#.Uv5DP3lhOf0
  7. Will Gold or Bitcoins Perform Better in 2014: https://investorplace.com/2014/01/will-gold-bitcoins-perform-better-2014/#.Uv5De3lhOf0
  8. Bitcoin News Sends WPCS Stock Up Over 75%: https://investorplace.com/2013/12/bitcoin-news-wpcs-stock-wpcs/#.Uv5DoHlhOf0

Source URL: https://investorplace.com/2014/02/bitcoin-news-hackers-steal-2-7m-worth-bitcoin/

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