14 Feb '14, 8pm

Flaw in Bitcoin, exchange shutdowns, $2.7 million theft: Is the end coming?

Are the end-times coming to Bitcoin? Putting aside the wild rides in valuation , the last few days have seen the three top exchanges halting withdrawals, a reported heist of $2.7 million, and the exploitation of a flaw in the Bitcoin protocol. Silk Road 2.0, a black market drug-trading site based on untraceable Bitcoins, reports that 4,474 Bitcoins, valued at about $2.7 million, have been stolen from the site. The virtual currency is encrypted computer code that is stored in a virtual wallet, and only a limited number of Bitcoins are created. The site’s administrator, who goes by the name of Defcon, posted 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.” The coins were apparently stored onsite in escrow. The flaw in the Bitcoi...

Full article: http://venturebeat.com/2014/02/14/flaw-in-bitcoin-exchang...

Tweets

The Silk Road 2 has been hacked for $2.7 millio...

theverge.com 13 Feb '14, 9pm

The second incarnation of the Silk Road has run into some trouble, with the administrator known as Defcon claiming today t...

Silk Road 2 Hacked: Entire Bitcoin Wallet Drain...

ibtimes.com 14 Feb '14, 1am

The hackers made off with 4474.27 bitcoins, roughly the equivalent of $2.7 million. Silk Road 2’s administrator, known by ...

What You Need to Know About Mt. Gox and the Bit...

spectrum.ieee.org 13 Feb '14, 3pm

Here's what a terrible week looks like in the world of Bitcoin : Two of the most trafficked Bitcoin exchanges, Mt. Gox and...

New Silk Road hit with $2.6 million heist due t...

arstechnica.com 14 Feb '14, 12am

Cornering the Bitcoin market may be easier than cornering orange juice futures. Paramount Pictures / Aurich Lawson Not onl...

Apparent Theft at Mt. Gox Shakes Bitcoin World:...

myaccount.nytimes.com 25 Feb '14, 5am

Log in to manage your products and services from The New York Times and the International New York Times. Don't have an ac...

Biggest Bitcoin Exchange Restores Service - Wal...

online.wsj.com 15 Feb '14, 4pm

Bitstamp, the Slovenia-based manager of the world's largest bitcoin exchange, said Saturday it has restored automated cust...

Relaunched Silk Road Loses Millions in Bitcoin Theft

Relaunched Silk Road Loses Millions in Bitcoin ...

nbcnews.com 14 Feb '14, 12am

The Silk Road interface, showing drugs and other illegal goods for sale. Just months after a high-profile takedown and pro...

Bitcoin

deepdotweb.com 13 Feb '14, 8pm

Aside from the endless marketplaces being hacked every day now, this is the most shocking event we have encountered – as S...

Bitcoin’s largest exchange is dying. Here’s why that’s not a problem for Bitcoin.

Bitcoin’s largest exchange is dying. Here’s why...

washingtonpost.com 15 Feb '14, 9pm

The Japanese exchange Mt. Gox has long been one of the Bitcoin community's most prominent institutions. It has also been o...

Reports: Bitcoin exchange restores service - US...

usatoday.com 15 Feb '14, 11pm

Reports: Bitcoin exchange restores service Bitcoin's largest exchange service, Bitstamp, has restored automated customer w...

Next 25 years of Bitcoin revolution will be ‘wild ride’ - CEO of world's biggest exchange

Next 25 years of Bitcoin revolution will be ‘wi...

rt.com 13 Feb '14, 7pm

Next 25 years of Bitcoin revolution will be ‘wild ride’ - CEO of world's biggest exchange Published time: February 13, 201...

Bitcoin exchange Bitstamp says it will enable w...

thenextweb.com 14 Feb '14, 1pm

Bitstamp , one of the largest Bitcoin exchanges in the world, plans to enable withdrawals again later today. The Slovenia-...

What You Need to Know About Mt. Gox and the Bit...

spectrum.ieee.org 16 Feb '14, 8pm

Here's what a terrible week looks like in the world of Bitcoin : Two of the most trafficked Bitcoin exchanges, Mt. Gox and...

Thailand’s top Bitcoin exchange resumes trading...

thenextweb.com 17 Feb '14, 6am

Last July, Thailand’s top Bitcoin exchange shut down following pressure from the Bank of Thailand. Now, more than six mont...

Thailand’s top Bitcoin exchange resumes trading...

thenextweb.com 17 Feb '14, 6am

Last July, Thailand’s top Bitcoin exchange shut down following pressure from the Bank of Thailand. Now, more than six mont...