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82% of Stolen Bitcoins Paid Back by Silk Road 2.0

82% of Stolen Bitcoins Paid Back by Silk Road 2.0

When the new version of Silk Road came online, the dealers and drug users of the Bitcoin world cheered. Finally they had a place to buy and sell drugs anonymously again, without having to worry so much about the feds and similar. The happiness was short though, as the site was hacked only a few months into it, resulting in a loss of around 4,476 Bitcoins worth around $2.6 million at the time.

To try and ensure that Silk Road 2.0 could continue operating, the management of the site decided to do a seven step repayment plan to their users. Part of the plan was to have moderators not getting paid and that there would be a small price mark-up to get back some of the lost money. The status by May 27th is that 82% of all customer funds has been repaid, Moderator Defcon announced in a statement on Deep Dot Web.

“In less than 30 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.” The statement read.

“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.” it added.

News by Daniel Allermand
Daniel Allermand - Reporter

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.


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