Christopher Sebela

writer, wronger, rearranger

The revived online black market Silk Road says hackers took advantage of an ongoing Bitcoin glitch to steal $2.7 million from its customers.

The underground website’s anonymous administrator told users Thursday evening that attackers had made off with all of the funds it held in escrow. Silk Road serves as a middleman between buyers and sellers, temporarily holding on to funds in its own accounts during a deal. Buyers put their money into Silk Road’s accounts, and sellers withdraw it.

At the time of the attack, here were about 4,440 bitcoins in Silk Road’s escrow account, according to computer security researcher Nicholas Weaver.

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