NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

82 Percent of Customers Repaid Following February Hack

newsbtc
newsbtc
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Here’s an interesting one. In a newly-posted update on the Silk Road 2 forms, the illicit drug marketplace has announced that just over 82 percent of customers who had funds stolen in an early February hack have been repaid.

That hack caused considerable damage, with the amount of bitcoins stolen pegged at 4474, amounting to nearly$3 million at them time (today worth about $2.5 million).

Just days later, the marketplace’s administrator, Defcon, committed to repay all who lost bitcoins following the calamity. There was hesitation in the community, even doubt. But he has seemingly made good on his promise so far.

“We are almost there,” he wrote in a statement, according to website Deep Dot Web. “In less than thirty days I will be drafting an unprecedented announcement that your resilience made possible: the announcement that Silk Road has repaid all victims of our February hack.”

He declared: “As of today, May 27th 2014, 82.09% of all victims of the Feburary [sic] hack have been fully repaid.”

Defcon’s message came with words of motivation and hope, in true Silk Road fashion:

Our enemies may seize our servers, impound our coins, and arrest our friends, but they cannot stop you: our people.
You write history with every coin transacted here.
It is unprecedented for any entity, darknet or clearnet, to completely repay the victims of a Bitcoin hack.
We are sending a clear message of integrity and justice, louder than the slander our oppressors can push into the news.
History will prove that we are not criminals, we are revolutionaries.
We are slaving to transform a notoriously-violent industry into a safe online marketplace, removing the risk of face-to-face transactions.

This second iteration of Silk Road sprouted last year, a mere month following the closure of the first iteration, allegedly run by Ross Ulbricht — who is currently in jail awaiting trial.

Defcon warns that payments may slow down, but urges site members to remain patient, promising to repay them.

Sales are trending slightly downwards, but not at a dramatic pace. Do not be alarmed by this, many new features are appearing over the next 14 days which will greatly increase the sales velocity. We are taking our time to perfect them and ensure that no security is compromised, but we are very excited to watch the growth ignite due to features no other market is providing.

It’s an interesting turn of events, and also ironic that a drug marketplace has been able to repay users, but a bitcoin exchange (which was the world’s first and oldest) can’t.

You can read Defcon’s full statement here.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 1

  1. Ed Breimann says:
    11 years ago

    It’s like they say…you have to be honest to live outside the law.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. Ed Breimann says:
    11 years ago

    It’s like they say…you have to be honest to live outside the law.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Litecoin, Aptos, Polkadot, SUI, chainlink, Stellar

SUI Prepares For Bullish Flag Breakout Amid $3 Reclaim – Analyst Doubles The Target

After recovering from the recent pullbacks, SUI is attempting to reclaim a crucial resistance, which could trigger a breakout from...

Rubmar Garcia 1 hour ago

BTC-майнеры держат монеты, несмотря на низкую прибыль

Согласно последним ончейн-данным, майнеры Bitcoin отказываются распродавать свои запасы BTC, несмотря на рекордно низкую прибыльность. Комиссии за транзакции BTC на...

lisachaikina 4 hours ago

加密貨幣集體上升 比特幣目標價13萬美元!現在下注百倍幣有哪些?

宏觀轉向牛市訊號紛至沓來,七月的開局猶如多頭列車啟動信號響起。加密貨幣市場全面走強,比特幣升穿11萬美元關鍵區間,以太坊亦隨之上攻,迷因與山寨代幣板塊迅速接棒,整體市值隨之水漲船高。 這場漲勢並非空穴...

Mark Mak 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

2025年Bitunix限時加密獎勵攻略:註冊、入金、交易三重紅利8月前一次領

Peter Chow 58 minutes ago
Paskutinės 3 dienos: BTC Bull Token sudegina 35 % bendro tiekimo – ar laukia 10 kartų augimas?

Paskutinės 3 dienos: BTC Bull Token sudegina 35 % bendro tiekimo – ar laukia 10 kartų augimas?

Tomas Jankūnas 1 hour ago
XRP koers kan 78% stijgen na wedge breakout

XRP koers kan 78% stijgen na wedge breakout

Lars Diederiksen 1 hour ago

Premium Sponsors

Press Releases

  • Dự Đoán Giá Fartcoin: Meme Coin Tiềm Năng FARTCOIN...

    1 hour ago
  • CertiK Validates FUNToken’s

    CertiK Validates FUNToken’s Smart Contract Strength With...

    2 hours ago
  • Explore Potential Coins

    Peter Thiel của PayPal Hậu Thuẫn Ngân Hàng Crypto...

    2 hours ago
  • Altcoin season uitgesteld? Bitcoin dominantie houdt kapitaal weg van XRP, SOL en ADA

    Những Altcoin Nên Mua Tháng 7 – USELESS, BROCCOLI...

    2 hours ago
  • Cloud Mining

    Free QFSCOIN Cloud Mining Regulated By US Law Launches BTC...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.