Bitcoin Scammer May Have Stolen $100M
Users of underground bazaar are trying to track their money
By John Johnson, Newser Staff
Posted Dec 4, 2013 12:24 PM CST
Bitcoin tokens.   (AP Photo/Rick Bowmer, File)

(Newser) – At this point, it's one of the largest thefts in history—and one of the most convoluted. Some person, or group, apparently made off with 96,000 Bitcoins worth a staggering $100 million, reports the Verge. The Bitcoins came from users of the underground bazaar called Sheep Marketplace, one of the successors to the shuttered Silk Road site. The cyber-thieves managed to drain users' accounts over the course of a week, and nobody was the wiser because they did so while keeping fake balance statements up, reports the New Statesman.

Many of those who got bilked are on Reddit sharing information and trying to track down the money. "Many believe the heist was a scam, and the No. 1 suspect among Redditors is the Sheep Marketplace administrator, a Czech citizen named Tomáš Jirikovský," reports Mashable. The New Statesman article has details on the world of Bitcoin laundering—it's called "tumbling"—with this intriguing line: "Right now, as you’re reading this, you can watch as the thief starts trying to move their Bitcoins on again—it’s currently down to 92,000 Bitcoins and dropping as smaller chunks begin going out." In the meantime, Sheep Marketplace has shut down.

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Showing 3 of 10 comments
TwoSheds
Dec 5, 2013 8:41 AM CST
Do this a few times and you start talking real money. Goldman Sachs might even want a piece of this.
$14681541
Dec 5, 2013 6:37 AM CST
Oh boy! Sounds like I need to file a virtual police report with the "Bitpolice". I bet it was that guy from Grand Theft Auto, he looks a little shady....
$28919642
Dec 4, 2013 1:09 PM CST
"Sheep Marketplace"? Sounds like the sheep done got sheared!