Its managers Wall Street Market a drug market at Dark Web they allegedly blew it, taking with them $14,2 million of the site's users' money.
The stolen money belonged to drug traffickers, weapons and malicious programs, so many will not cry for the deceived "victims".
With the Wall Street Market fraud, the T-chka Market drug market is reported to be the only significant analogue market in Dark Web.
The Wall Street Market fraud (WSM) began last week when site administrators began to move funds from the main Bitcoin market wallets to another location.
The managers used these wallets as an escrow system, where buyers deposited funds, which sellers could get later after a period of time if there were no complaints from buyers.
But last week, WSM administrators cited problems with the server hosting these wallets. As they mentioned they could not be synchronized with the main Bitcoin blockchain, making any plus impossiblechange or withdrawal.
So the admins moved the existing funds to a new wallet that had no connection to the main WSM back-end and so sellers could not receive payments from previous sales. WSM admins said it was a temporary measure to fix the buggy server.
Of course, many were the ones who hit it, while the managers are still running. The logic of these managers can be considered a very smart tactic for this kind of web site where we have seen from time to time that they are trapped by the authorities.
So the "withdrawal" of all money before an attack by the authorities should be expected…
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