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Bitcoin News: Hackers Steal $2.7M Worth of Bitcoin

Two other bitcoin exchanges recently experienced problems


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

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.

Bitcoin: It’s a Trade, Not an Investment
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.

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Article printed from InvestorPlace Media,

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