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Silk Road replacement disappears

Loses millions
Tue Dec 03 2013, 12:11
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A REPLACEMENT SILK ROAD MARKETPLACE that appeared after the original was shut down has closed after someone made off with millions of its dealers' cash.

The Sheep Marketplace opened swiftly after the Silk Road was closed down by the US Federal Bureau of Investigation (FBI), but a note on its webpages says that a vendor worked out a security bug in it and ran off with all of its currency.

"We are sorry to say, but we were robbed on Saturday 11/21/2013 by vendor EBOOK101," it said. "This vendor found a bug in the system and stole 5400 BTC - your money, our provisions, all was stolen."

Access to the website is reached via the TOR network. The poster of the above message suggested another alternative marketplace, but it is possible that people will think they have been burned enough already. The Silk Road shutdown will have cost some interesting people a lot of money.

According to the RT news website, the Sheep Marketplace administrator is sad, but there is a lot of speculation that the whole thing was a scam.

The administrator of alternative website Black Market Reloaded (BMR) said that he might have no alternative but to close as well. "SR is down, The Black Flag ended up as a scam, Atlantis ended up as a scam and now The Sheep Market follows that dark path," said Backopy in a Reddit post.

"This puts BMR in the edge of the blade, Tor can't support any site to be too big, Tor is all about community and you just keep anonymous as long as you can blend with the community."

According to the original message the user named Ebook1001 took 5,400 Bitcoins. It said that the outfit tried to restore the money but failed. It apologised to its users and offered to kick back what Bitcoins it can. µ

 

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