Silk Road founder drops claim to millions of dollars

Ross Ulbricht, Silk Road founder, drops claim to millions of dollars raised on Bitcoin auctions
03 October 2017   1213

Ross Ulbricht, the founder of the illegal marketplace Silk Road, drops claim to millions of dollars raised on Bitcoin auctions, that were previously seized by US law enforcement.

Ross Ulbricht
Ross Ulbricht photographed by Julia Vie

Thus, accroding to, on September 29th, US District Judge Katherine Forrest issued an order forfeiting over $48 million to the US government. Those funds were gained as the US Marshals Service auctioned off more than 144,000 Bitcoins confiscated during the crackdown on the Silk Road.

These $48 million will count toward the more than $180 million in monetary judgments Ross Ulbricht was ordered to pay at sentencing.

Sentenced to life imprisonment for the distribution of drugs and hacker attacks, Ross Ulbricht previously claimed his rights to the confiscated funds. However, now the man has changed his mind, the motives behind which remain unclear. 

In total, the value of the Bitcoins seized from Silk Road accounts was estimated at $122 million. Today this amount would be more than $620 million.

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.