Wednesday, 4. December 2013

Tracking 96,000 stolen Bitcoin in realtime


Sheep Marketplace -- a Bitcoin-based market that grew sharply after Silk Road shuttered -- was the target of a 96,000 Bitcoin (~£60m) hack last weekend. It turns out that laundering that much Bitcoin is very tricky, and the denizens of r/sheepmarketplace on Reddit have been taking countermeasures against the thieves (or thief) to track and de-anonymize the Bitcoin as it moves through various "tumblers" -- services that obfuscate the origin and destination of Bitcoin fractions. It's an exciting chase across the darknet, full of math, intrigue, and crime.

boingboing.net

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