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Topic: Silk Road 2.0 hacked through malleability, ~4000 BTC STOLEN - page 2. (Read 28439 times)

full member
Activity: 140
Merit: 100
Of course. I mean, given how often this happens- its hard to understand why someone would deposit funds on these things.

It's hard to understand why someone would pay someone to send them illegal drugs through the U.S. mail, often to their actual physical home address, turning what would otherwise be a minor possession misdemeanor into a major federal felony subjecting them to following a state jail term with a trip to Club Fed.  

What conceivably makes this look like a good idea?  People are stupid, I guess.

Also receiving and signing for an un-opened package at your door is not against the law. Unless someone can prove that you ordered illegal drugs online they have nothing to charge you with. 

Yeah keep telling yourself that.  If you don't think there are plenty of people behind bars for much less you are literally retarded.

They aren't behind bars for receiving a package. They are behind bars for providing a pattern of behavior proving a criminal activity. There was an incident involving an otherwise upstanding citizen receiving a package in the mail. He brought it inside, and LEs swarmed into his home later. Turns out it was a drug dropoff that he had no knowledge of. He didn't get charged.

I've said this before, and I'll keep saying it - if it were a crime to receive a package containing illicit materials, you could send anyone you had a grudge against away pretty easily thanks to the wonders of internet contraband purchasing. I could literally send a package of coke to your house, and make sure to tip off the DEA about it when it ships. They would trap the package, probably GPS it, and storm you when you open it.

Plausible deniability is the cornerstone of of the internet drug market. This fails when they put a hook into you. Once you establish a pattern of criminal behavior, you're done. Then every package received or seized CONTRIBUTES to that pattern of behavior. THEN you do fed time.

But anyway. The thread was about ~4000 BTC being "stolen" from SR 2.0, not the debates over the "intelligence" of running a mail-order drug empire.
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
Wouldn't he have made more money from the business long term instead of just taking the money and running, if he even took it in the first place?


the answer to that is simple - it's not a long term business.

Yeah, plus the operators of these will probably get caught sooner or later. Maybe it's better to run with a few million and live your life in relative comfort than have to deal with the astounding stress and constant paranoia of running something so dangerous.
sr. member
Activity: 434
Merit: 250
Wouldn't he have made more money from the business long term instead of just taking the money and running, if he even took it in the first place?


the answer to that is simple - it's not a long term business.
legendary
Activity: 2212
Merit: 1199
Why would the creator of Silk Road 2.0 sabotage his business like that by stealing all the money from the marketplace? Wouldn't he have made more money from the business long term instead of just taking the money and running, if he even took it in the first place?


You can say that to all scummers Smiley
Why would they do a good deals and earn money? Smiley why they want to steal your money?
Smiley
newbie
Activity: 19
Merit: 0
They claim to intended to pay it all back, wow, that will take a while!

Haha, 4000 BTC says they won't!
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
They claim to intended to pay it all back, wow, that will take a while!

yep, best of luck to anyone with moneys in there!

http://www.coindesk.com/pay-back-silk-road-2-0/


Interesting. Not sure if they'll live up to that promise though. Maybe just buying time or attempting to take  the heat off.
sr. member
Activity: 462
Merit: 250
Is anyone surprised. I mean i smoke some pot. Definitely dont buy it online tho.

People who deal with those kinds of things are shady!!!

I think this admin is so dumb he thought he could get away with this malleability lie. Drugs have rotted his brain. hahaha
legendary
Activity: 2072
Merit: 1001
Release the source code and prove the bug is real and exploitable.


To prove what exactly? If the police cannot catch them why in the world do they care what others think?
Bitcoin has become internet crime's biggest toy in ages. It is the perfect thing for them. Like a kid in a candy store. Every bad guy, hacker, con man, etc is working night and day to rip all of us. And more then likely get away with it to.
member
Activity: 112
Merit: 10
They claim to intended to pay it all back, wow, that will take a while!

yep, best of luck to anyone with moneys in there!

http://www.coindesk.com/pay-back-silk-road-2-0/
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU

allow me to translate:

"i took your coinz lol!"
QFT ROFL!

How many times are people going to get burned by Silk Road before they learn their lesson?
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
They claim to intended to pay it all back, wow, that will take a while!
legendary
Activity: 1176
Merit: 1005
Of course. I mean, given how often this happens- its hard to understand why someone would deposit funds on these things.

It's hard to understand why someone would pay someone to send them illegal drugs through the U.S. mail, often to their actual physical home address, turning what would otherwise be a minor possession misdemeanor into a major federal felony subjecting them to following a state jail term with a trip to Club Fed.  

What conceivably makes this look like a good idea?  People are stupid, I guess.

Also receiving and signing for an un-opened package at your door is not against the law. Unless someone can prove that you ordered illegal drugs online they have nothing to charge you with. 

Yeah keep telling yourself that.  If you don't think there are plenty of people behind bars for much less you are literally retarded.
sr. member
Activity: 321
Merit: 250
Of course. I mean, given how often this happens- its hard to understand why someone would deposit funds on these things.

It's hard to understand why someone would pay someone to send them illegal drugs through the U.S. mail, often to their actual physical home address, turning what would otherwise be a minor possession misdemeanor into a major federal felony subjecting them to following a state jail term with a trip to Club Fed.  

What conceivably makes this look like a good idea?  People are stupid, I guess.

Also receiving and signing for an un-opened package at your door is not against the law. Unless someone can prove that you ordered illegal drugs online they have nothing to charge you with. 
sgk
legendary
Activity: 1470
Merit: 1002
!! HODL !!
After Massive Hack, It’s Pay Back Time for Silk Road 2.0

Quote
Online black market Silk Road 2.0 has announced via reddit that it will forego paying its staff until it reimburses users for the more than 4,000 BTC that was compromised last week.

http://www.coindesk.com/pay-back-silk-road-2-0/
full member
Activity: 206
Merit: 100

5) before it's confirmed, Vendor A changes the txid (using malleability)
6) Vendor A broadcasts this transaction to the bitcoin network
7) Since, the inputs are the same, bitcoin network code sees this as a double spend
8 ) bitcoin marks the orignal transaction as dead (no miners will include it in a block)
9) SR2 escrow receives notification that the oridinal txid is dead


Why does the network invalidate the original transaction and confirm the second? Does that happen every time, the newer transaction with the same inputs wins? That does seem like a flaw in the protocol if that is the case.

Vendor A (the attacker) sends the cloned tx to a different node in the network, before that node sees the original tx. There are now two txs in the network, and there is no way to tell which one is newer (because the timestamps are exactly the same). There is some luck involved, as the attacker can't guarantee that his cloned transaction will be confirmed in a block (or seen by more nodes) before the original tx, but the attacker can just keep trying with multiple withdrawals.
full member
Activity: 365
Merit: 100
Of course. I mean, given how often this happens- its hard to understand why someone would deposit funds on these things.

It's hard to understand why someone would pay someone to send them illegal drugs through the U.S. mail, often to their actual physical home address, turning what would otherwise be a minor possession misdemeanor into a major federal felony subjecting them to following a state jail term with a trip to Club Fed.  

What conceivably makes this look like a good idea?  People are stupid, I guess.

Likely because they realize that very little of the actual mail is checked and they feel that means it won't happen to them. Companies like FedEx and UPS have their own contracted Customs agents to check a random sampling of about 0.02% of all packages unless something suspicious is reports. USPS checks some as well but only international and reported packages from my understanding.
legendary
Activity: 1176
Merit: 1005
Of course. I mean, given how often this happens- its hard to understand why someone would deposit funds on these things.

It's hard to understand why someone would pay someone to send them illegal drugs through the U.S. mail, often to their actual physical home address, turning what would otherwise be a minor possession misdemeanor into a major federal felony subjecting them to following a state jail term with a trip to Club Fed.  

What conceivably makes this look like a good idea?  People are stupid, I guess.
newbie
Activity: 16
Merit: 0
No self-respecting Bitcoin thief values fiat over holding Bitcoin.



'self-respecting thief'? That's an interesting concept.
legendary
Activity: 1232
Merit: 1195
I took it as the silk road 2 owner seen what was going on with exchanges and TM issue with the bit coin source then thought "Hmm if I claim I got hacked because of the TM issue" then I can steal people's coins and get away with it easily.

VOILA.



Of course. I mean, given how often this happens- its hard to understand why someone would deposit funds on these things.

it begs the question, which is more trustworthy - the dealer or the market.
I'd say the dealers are far more trusting, and if you want to buy your goods, always FE because there is less risk in FE than letting the market hold escrow for you. it's probably already been said.

Neither. You can't trust anyone - it's the nature of the business.
sr. member
Activity: 434
Merit: 250
I took it as the silk road 2 owner seen what was going on with exchanges and TM issue with the bit coin source then thought "Hmm if I claim I got hacked because of the TM issue" then I can steal people's coins and get away with it easily.

VOILA.



Of course. I mean, given how often this happens- its hard to understand why someone would deposit funds on these things.

it begs the question, which is more trustworthy - the dealer or the market.
I'd say the dealers are far more trusting, and if you want to buy your goods, always FE because there is less risk in FE than letting the market hold escrow for you. it's probably already been said.
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