17 Feb '14, 11am

­Silk Road 2.0 emptied out by a hole in its Bitcoin pocket

A squishy number of Bitcoins has either been hacked out of the dark-net market for illicit goods, or, as Silk Road's users muse, perhaps weaseled away by the site's own administrators. The squishy part comes in when you try to put a price tag on the total worth. Forbes's Andy Greenberg reports that a post put up on Thursday by one of the recently reincarnated market's administrators - "Defcon" - listed a series of Bitcoin addresses that Silk Road's administrators think were involved in the heist. Those transactions apparently point to a single Bitcoin address containing 58,800 coins, worth more than $36.1 million (£21.6 million) at current exchange rates, but Greenberg noted that other estimates range from 41,200 coins by a Silk Road user and 88,000 by the Bitcoin news site. More squishy still: an update to his original story notes that a researcher values the theft at onl...

Full article: http://nakedsecurity.sophos.com/2014/02/17/%c2%adsilk-roa...

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