As Major Silk Road Competitor Shutters, $100M Vanishes With It

Another drug marketplace bit the dust over the weekend and another massive Bitcoin heist shook the deep web.

Sheep Marketplace, one of the two most prominent Silk Road competitors, went down on Saturday. A message briefly posted on the site on Saturday claimed that one of Sheep Marketplace’s vendors exploited a security flaw and stole 5,400 BTC ($6 million at its current value)

The heist could be even larger than that, though; it may have involved up to 96,000 BTC ($100 million), which would be by far the largest Bitcoin theft in U.S. dollars, given that Bitcoin’s value is currently at an all-time high. It’s the third major Bitcoin robbery in the last month; cybercriminals also stole 4,100 BTC from inputs.io and 1,295 BTC from BIPS, both online Bitcoin payment providers. Read more…

More about Robbery, Cybercrime, Drugs, Silk Road, and Us World

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