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Yeah. The moment I got to " a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as “transaction malleability”" I was like "Riii

by Mchl 13y ago

Yeah. The moment I got to " a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as “transaction malleability”" I was like "Riiiiight....". It's not even 'recently discovered', and as far as I understand it it does not let anyone to drain other persons' wallet (if it did, that'd be a killer to entire bitcoin the moment it was discovered)

rdtsc 13y ago
They wanted to exit the business from the start. Saw a convenient time with everyone discussing a vulnerability, claim right away that vulnerability was used to steal all the money to avoid backlash from users.
- ChuckMcM 13y ago
  If one were sufficiently cynical one could argue that this was the plan from the start. Build another version of the site, wait for some BitCoin disaster, take all the funds and claim it was the disaster that done did it. Of course to pull that off you'd really need to employ the disaster yourself so that you have the ledger entries to "prove" it.
  - girvo 13y ago
    Don't need to be cynical: that has happened with multiple other markets. I think that's exactly what happened here.
- pikachu_is_cool 13y ago
  Why would you care about backlash from users? It's Tor. You can just disappear forever.
  - rdtsc 13y ago
    Tor != can disappear forever and completely untraceable. The marketplace they have set up is often used to sell illegal items and substances. I would imagine there is a high percentage of those involved that if they found out who is behind and Silkroad 2.0 owners plainly and simply said -- "haha, I got your money now, too bad" would put enough resources into tracking them down and physically injuring them. It just makes sense for them to mitigate risk and having a plausible "hey this recent vulnerability killed us, sorry, go read about in the news, it is bad..." excuse perhaps does that.
- Touche 13y ago
  I doubt drug dealers care about the distinction between "you stole my money" vs. "you lost my money". Either case SR2 admin better do a good job of hiding.
  - mehwoot 13y ago
    You think if they didn't do a reasonable job of hiding they wouldn't be caught by say, the government?
    - Touche 13y ago
      The government waits until they have a good case against you before arresting, drug dealers do not.

by Mchl 13y ago

rdtsc 13y ago

They wanted to exit the business from the start. Saw a convenient time with everyone discussing a vulnerability, claim right away that vulnerability was used to steal all the money to avoid backlash from users.

ChuckMcM 13y ago
If one were sufficiently cynical one could argue that this was the plan from the start. Build another version of the site, wait for some BitCoin disaster, take all the funds and claim it was the disaster that done did it. Of course to pull that off you'd really need to employ the disaster yourself so that you have the ledger entries to "prove" it.
- girvo 13y ago
  Don't need to be cynical: that has happened with multiple other markets. I think that's exactly what happened here.
pikachu_is_cool 13y ago
Why would you care about backlash from users? It's Tor. You can just disappear forever.
- rdtsc 13y ago
  Tor != can disappear forever and completely untraceable. The marketplace they have set up is often used to sell illegal items and substances. I would imagine there is a high percentage of those involved that if they found out who is behind and Silkroad 2.0 owners plainly and simply said -- "haha, I got your money now, too bad" would put enough resources into tracking them down and physically injuring them. It just makes sense for them to mitigate risk and having a plausible "hey this recent vulnerability killed us, sorry, go read about in the news, it is bad..." excuse perhaps does that.
Touche 13y ago
I doubt drug dealers care about the distinction between "you stole my money" vs. "you lost my money". Either case SR2 admin better do a good job of hiding.
- mehwoot 13y ago
  You think if they didn't do a reasonable job of hiding they wouldn't be caught by say, the government?
  - Touche 13y ago
    The government waits until they have a good case against you before arresting, drug dealers do not.