Monero Loses Darknet Market in Apparent Exit Scam

Monero Loses Darknet Market in Apparent Exit Scam

Monero appears to have lost its darknet market integrations, and very well may have fallen victim to an exit scam. Darknet market Oasis, the first to accept Monero, has abruptly gone offline in an apparent exit scam, making off with customer funds. An estimated 150 Bitcoins were lost, as well as an indeterminate amount of Monero. Several users report that attempts to withdraw XMR from AlphaBay, the darknet market whose integration was closely correlated with the currency’s meteoric rise, were unresponsive as well. HolladsHerbs, Reddit user, posted in the /r/DarkNetMarkets subreddit a....


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Oasis Market Deepweb Marketplace Shuts Shop

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AlphaBay Comments on Bitcoin Congestion, Monero Adoption and Zcash Possibilities

While Silk Road popularized the industry back in 2011, AlphaBay is the now the most widely used darknet market in existence. Usage statistics are hard to come by when it comes to Tor hidden services, but in an interview with Deep Dot Web earlier this year, the site’s head administrator claimed many vendors from the now-defunct Evolution marketplace have moved over to AlphaBay. The popularity of AlphaBay is also obvious on the darknet markets subreddit, a popular forum of choice for those who shop on the darknet. Bitcoin Magazine reached out to AlphaBay to get their thoughts on....

Monero: The Ups and Downs of an Anonymous Currency

Anonymous cryptocurrency Monero has jumped in value over the past couple of months. More recently though, the price has declined from its highs as the community experienced unexpected rumors. Throughout this, Monero has remained a valued asset with the sixth–highest market capitalization. It also continues to have significant trading volume.  The Oasis Exit Scam. The darknet marketplace (DNM) Oasis has gone offline, and many believe the administrators left with the escrow holdings. This includes a rumored 150 BTC and some Monero (XMR) as....

Quotes

Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled network like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.

Satoshi Nakamoto, Bitcoin Developer