Black Bank Market Re-Enables Deposits After Fixing Deposit Address Flaw

Yesterday, a user posted on Reddit that he had exploited a flaw in the Black Bank Market.

Blackbank reuses deposit address’s. I sat around all day today just clicking “change address” and waiting until I found reused address. So far Ive cashed out over 2BTC from people depositing to their old address thinking they haven’t changed. Admins need to fix this.

Black Bank quickly shut down the feature allowing the generating of new deposit addresses, and posted this statement on their website:

NOTICE: Deposit address change has been temporarily disabled

Howdy,

We have temporarily disabled deposit address change because of the number of users changing the address prior to their funds arriving. We will be updating the system to handle this and will be enabled again once complete.

We also noticed an increase of users being phished. Always check BlackBank’s URL on your browser and ensure that the link used is from a reliable source.

If there are any questions or feedback, please feel free to contact us at any time or share in the forums.

Cheers,
MDParity

Today, Black Bank has apparently fixed this flaw in their system, and has posted the following message announcing that generating new deposit addresses has been re-enabled:

UPDATE: Deposit address change has been renabled

Howdy,

BlackBank considers all security concerns and have updated the deposit system. BlackBank will no longer reuse addresses. In order to prevent abuse of the new system, addresses will only be able to be renewed once every 24 hours. The time limit should also lower the recurrence of users changing the deposit addresses too frequently resulting in accidental deposits to old addresses.

The deposit page will display the next time a new address may be generated.

If there are any questions or feedback, please feel free to contact us at any time or share in the forums.

Cheers,
MDParity

The Black Bank operators also took the time to remind users to be careful about the increase in malicious/phishing links. We advise our readers to always avoid marketplace links posted on Reddit, forums, and wikis. Either memorize the official URLs, or use the safe links posted on our Darknet Marketplace List.

You can also remember our secure short link for Black Bank: drk.li/BB



Short link to this page: drk.li/728