December 07, 2013

Bitcoin Heist: Millions Vanish from Online Black Market

On Sunday (Dec. 1), Sheep Marketplace abruptly closed down, claiming one of its vendors by the name of EBOOK101 had exploited a security vulnerability to steal $6 million in Bitcoins. Most, if not all, of that money belonged to the site's numerous users, who used it to buy and sell their dubious wares.

 Some believe that the thieves were Sheep Marketplace's administrators themselves, and that the whole marketplace was an elaborate scam.

Read more here

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