BlockThreat - Week 45, 2020

Silk Road | BSV | Grin | Ledger | Huobi | Ethereum

Nov 13, 2020

∙ Paid

This week marks the largest forfeiture of cryptocurrency assets in history with ~$1B worth of bitcoin stolen from Silk Road voluntarily returned to IRS. Grin network came under 51% attack with hash capacity likely rented on Nicehash, BSV P2PKH multi-sig wallet implementation exploited to steal funds, Ethereum had an ETHash bug, and more of the usual DeFi shenanigans in this week’s edition of Blockchain Threat Intelligence.

Crime

US Government Agencies seize more than $1B in cryptocurrency connected to the darknet market Silk Road. According to the US DoJ release, 69,370.22491543 BTC (and forks such as BCH, BSV, and others) were voluntarily transferred to IRS by an individual who has previously stolen those funds from Silk Road. While the Silk Road hacker will remain free and anonymous, it is still odd that he or she came forward only 7 years after the hack.
US DoJ seized $24M worth of cryptocurrencies held by a cryptocurrency firm to assist Brazilian authorities with the “Operation Egyp…

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