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].

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:

  1. recently stolen from an online marketplace:
  2. [Image]:
  3. Flickr:
  4. was shut down by U.S. regulators last year:
  5. forcing them to temporarily halt bitcoin withdrawals:
  6. Bitcoin News: Bitcoin Prices Plunge on Mt. Gox Glitch:
  7. Will Gold or Bitcoins Perform Better in 2014:
  8. Bitcoin News Sends WPCS Stock Up Over 75%:

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