https://www.coindesk.com/u-s-seized-more-than-1b-in-silk-road-linked-bitcoin-seeks-forfeiture-bloomberg
Looks like it were the long arm of the law, which is v long indeed.
This time around their auctions are going to attract some proper heavyweights. And if anyone says 'Omigod they gon' buy 'em all to dump on Yobit on us runferyerlives' - I will grab their nipples and twist.
Topic: Silk Road wallet worth more $1B possibly has been hacked - page 2. (Read 451 times)
the recent movement involving two transactions adding up to 69,370 Bitcoin (BTC)
No wonder why this might be happening if we see the bitcoin prices are moving upwards, moreover the person might have done his part of waiting and now wants to sell some portion in this worst time?
There are endless possibilities for the speculation since the amount of bitcoin that is moved is huge one. Also, if he was so much patient to hold such amount of bitcoin then he/she could be big personality with strong portfolio in the developer field, otherwise why would they believe in the bitcoin even when the we already had highest BTC surge back in 2017 with (19K USD ATH).
Only the government authorities have such huge computing powers, I doubt any private hackers or even a pool of hackers are able to do it.
This wallet was on Internet for years. Hackers were trying to break it's passphrase. Even this wallet is sold in All private keys forum.
But I don't think this is hacked. I believe it's recovered by owners. It requires huge computing powers to break passphrase. Also I there was no clue. So, I believe owners/security agency recovered the fund.
But I don't think this is hacked. I believe it's recovered by owners. It requires huge computing powers to break passphrase. Also I there was no clue. So, I believe owners/security agency recovered the fund.
Interesting News. now they are either moved by police officials or this wallet is hacked and hacker is doing this activity. i hope more news will come about this.
BTW this wallet has also BCH and BSV and all the other forks done in that duration:
so
$1 Billion+ BTC
$16 Million BCH
$1 Million BSV
and tons of other forks with hundreds of thousands of dollars worth value.
BTW this wallet has also BCH and BSV and all the other forks done in that duration:
so
$1 Billion+ BTC
$16 Million BCH
$1 Million BSV
and tons of other forks with hundreds of thousands of dollars worth value.
the amount is incredibly high. Despite the high amount, the fee paid is very low. His acting after a long time caused such thoughts. Do you think there is a possibility of hacking?
This pure speculative news. Remember when it was getting hacked by the police and there will be an official statement about what institution that's successfully hacked the wallet. I do think that there's a possibility for hacking but it's not always become the plot twist. Remember we have seen big whale has been moving its bitcoin last week and it's worth more than this. I personally doubt if that's always related to the hacking case. It's likely the owner was sending it to the new wallet.
if that's the hacked case maybe the biggest one in the crypto history
This wallet was on Internet for years. Hackers were trying to break it's passphrase. Even this wallet is sold in All private keys forum.
But I don't think this is hacked. I believe it's recovered by owners. It requires huge computing powers to break passphrase. Also I there was no clue. So, I believe owners/security agency recovered the fund.
But I don't think this is hacked. I believe it's recovered by owners. It requires huge computing powers to break passphrase. Also I there was no clue. So, I believe owners/security agency recovered the fund.
the amount is incredibly high. Despite the high amount, the fee paid is very low. His acting after a long time caused such thoughts. Do you think there is a possibility of hacking?
According to CipherTrace Almost $1B (69.370 BTC) has been moved for the first time since 2015 from Silk Road wallet. I believe the police finally cracked it down.
https://ciphertrace.com/nearly-1b-from-silk-road-move-for-first-time-since-2015/
This is interesting and pretty huge. Silk road have been the biggest darknet store for quite some time now and it's pretty obvious hackers have their eyes on such things always. But my question is why haven't any authority been able to trace out the location of Silk Road? What is it that they do special which ensures anonymity for them? Moreover if hackers are able to crack this wallet why haven't any authority has been able to do any such thing? https://ciphertrace.com/nearly-1b-from-silk-road-move-for-first-time-since-2015/
Does this mean that there are no longer any secure vaults for crypto?
This is just speculation at this point, as no sources are present to verify what really happened nor are there leads regarding the movement of those coins. While crypto in itself is secure, your security is still as good as how you make it to be and what you do with it. If I own a vault with a passcode to unlock it, I wouldn't keep the combination on locations wherein people can access it, nor will I try to give a hint to someone else about the passcode. Relate it to crypto wallets and you still get the same idea. Even with these fancy cryptographic algorithms safeguarding the wallet, if your private key files is exposed to the elements, or if your online activities expose your computer to malwares, you're always doomed to get hack.
Does this mean that there are no longer any secure vaults for crypto?
Third-party companies create the majority of bitcoin wallets and only wallets from the Bitcoin core team are closest to Bitcoin technology so it can be said that it is more reliable than the software on the market.The news above is also outdated and currently, there is not any bad news regarding Bitcoin wallets. We shouldn't worry too much about it.
I don't think it is a hack at all and tend to agree with the statement in the Ciphertrace article that the owner of the legacy address decided to move his Bitcoin to Bech32 address. In case there was a hack, I believe the hackers would have already made plans how to wipe the coins clean prior to moving them out of the original address. So far they are just sitting there, not going to exchanges or mixers.
We don't know about the police or some other government agency involvement because it's not in the media yet but with so much attention to this wallet chances are high that it's under gov control.
An anonymous crypto user has just moved 69,370 Bitcoin from an address associated with the Silk Road darknet market, that more recently has become a popular hacking target.
According to a Nov. 3 report from crypto intelligence firm CipherTrace, the recent movement involving two transactions adding up to 69,370 Bitcoin (BTC) — or more than $960 million at the time of publication — originated from an address connected with the Silk Road marketplace, which was shut down in 2013. The crypto user first sent 1 BTC — likely as a test transaction — before moving the bulk of the coins.
Ciphertrace speculated the anonymous user made the transactions “to stay up to date with the Bitcoin network” by switching between address formats. As the last time anyone moved funds associated with the defunct darknet market was in April 2015, the BTC wallet would reportedly also have access to all Bitcoin Cash (BCH) and Bitcoin SV (BSV) associated with the tokens’ hard forks.
However, the firm didn’t rule out hacking as a possibility: “These movements could possibly mean that the wallet owner is moving funds to new addresses to prevent hackers from accessing the wallet.dat file or that hackers have already cracked the file.”
https://cointelegraph.com/news/1b-of-bitcoin-from-silk-road-wallet-moves-for-first-time-since-2015
So, I do not yet know how police are involved, because they are not.
According to a Nov. 3 report from crypto intelligence firm CipherTrace, the recent movement involving two transactions adding up to 69,370 Bitcoin (BTC) — or more than $960 million at the time of publication — originated from an address connected with the Silk Road marketplace, which was shut down in 2013. The crypto user first sent 1 BTC — likely as a test transaction — before moving the bulk of the coins.
Ciphertrace speculated the anonymous user made the transactions “to stay up to date with the Bitcoin network” by switching between address formats. As the last time anyone moved funds associated with the defunct darknet market was in April 2015, the BTC wallet would reportedly also have access to all Bitcoin Cash (BCH) and Bitcoin SV (BSV) associated with the tokens’ hard forks.
However, the firm didn’t rule out hacking as a possibility: “These movements could possibly mean that the wallet owner is moving funds to new addresses to prevent hackers from accessing the wallet.dat file or that hackers have already cracked the file.”
https://cointelegraph.com/news/1b-of-bitcoin-from-silk-road-wallet-moves-for-first-time-since-2015
So, I do not yet know how police are involved, because they are not.
An anonymous crypto user has just moved 69,370 Bitcoin from an address associated with the Silk Road darknet market, that more recently has become a popular hacking target.
According to a Nov. 3 report from crypto intelligence firm CipherTrace, the recent movement involving two transactions adding up to 69,370 Bitcoin (BTC) — or more than $960 million at the time of publication — originated from an address connected with the Silk Road marketplace, which was shut down in 2013. The crypto user first sent 1 BTC — likely as a test transaction — before moving the bulk of the coins.
Ciphertrace speculated the anonymous user made the transactions “to stay up to date with the Bitcoin network” by switching between address formats. As the last time anyone moved funds associated with the defunct darknet market was in April 2015, the BTC wallet would reportedly also have access to all Bitcoin Cash (BCH) and Bitcoin SV (BSV) associated with the tokens’ hard forks.
However, the firm didn’t rule out hacking as a possibility: “These movements could possibly mean that the wallet owner is moving funds to new addresses to prevent hackers from accessing the wallet.dat file or that hackers have already cracked the file.”
https://cointelegraph.com/news/1b-of-bitcoin-from-silk-road-wallet-moves-for-first-time-since-2015
So, I do not yet know how police are involved, because they are not.
According to a Nov. 3 report from crypto intelligence firm CipherTrace, the recent movement involving two transactions adding up to 69,370 Bitcoin (BTC) — or more than $960 million at the time of publication — originated from an address connected with the Silk Road marketplace, which was shut down in 2013. The crypto user first sent 1 BTC — likely as a test transaction — before moving the bulk of the coins.
Ciphertrace speculated the anonymous user made the transactions “to stay up to date with the Bitcoin network” by switching between address formats. As the last time anyone moved funds associated with the defunct darknet market was in April 2015, the BTC wallet would reportedly also have access to all Bitcoin Cash (BCH) and Bitcoin SV (BSV) associated with the tokens’ hard forks.
However, the firm didn’t rule out hacking as a possibility: “These movements could possibly mean that the wallet owner is moving funds to new addresses to prevent hackers from accessing the wallet.dat file or that hackers have already cracked the file.”
https://cointelegraph.com/news/1b-of-bitcoin-from-silk-road-wallet-moves-for-first-time-since-2015
So, I do not yet know how police are involved, because they are not.
According to CipherTrace Almost $1B (69.370 BTC) has been moved for the first time since 2015 from Silk Road wallet. I believe the police finally cracked it down.
https://ciphertrace.com/nearly-1b-from-silk-road-move-for-first-time-since-2015/
https://ciphertrace.com/nearly-1b-from-silk-road-move-for-first-time-since-2015/
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