Online drug bazaar claims it was robbed of $6 million
The website, called Sheep Marketplace, went permanently offline after reporting a massive Bitcoin theft by one of its dealers.
But the effects of a purported theft of thousands of bitcoins from the drug-selling site Sheep Marketplace have rippled across the dark Web, and may lead to the shutdown of its biggest drug-selling site.
"This vendor found bug in system and stole 5400 BTC -- your money, our provisions, all was stolen," reads the message on Sheep’s homepage, which includes records of the stolen funds. "We were trying to resolve this problem, but we were not successful."
Sheep users and other Bitcoin followers on Reddit say that the administrators began blocking withdrawals of bitcoins from the site more than a week ago, and may have absconded with as much as $44 million from the site's users, pointing to a movement of 39,900 Bitcoins visible in the public record of Bitcoin transactions known as the blockchain.
On Sunday the site followed up by blocking new registrations, closing inactive accounts and notifying users that the site would go offline in around two days. "Without competition the wisest thing to do is to shut down the market, doing it in a timely and orderly manner," wrote the BMR administrator who calls himself Backopy.
In late October the FBI seized 144,000 bitcoins allegedly belonging to Ulbricht -- more than $150 million at current exchange rates. Then the administrator of a third market known as Project Black Flag closed the site, openly admitting that he had panicked and stolen users’ bitcoins.
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remember when drug dealers used to use just plain old cash...and guns to resolve disputes?
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