Evolution -- The largest Deep Web drugs marketplace, disappeared suddenly overnight from the Internet. But unlike Silk Road, there is no indication that the law enforcement took down the Evolution marketplace.
The Darknet’s most popular markets for drugs and bespoke carjacking services is mysteriously offline Wednesday with rumours circulating over the Internet that its own administrators may have just scammed its huge user base and stole $12 Millions in Bitcoin.
The Evolution black marketplace opened in January 2014, and gained popularity after the shutdown of Silk Road and arrest of its unassuming founder, Ross Ulbricht, with a promise of less fraud.
Like Silk Road, Evolution also dealt in drugs, as well as illegal weapons, counterfeit goods, stolen credit cards and guides to committing fraud.
Evolution was only accessible through anonymity Tor network. At the time of its apparent vanish, Evolution was home to nearly 20,000 drug sales, far more than Silk Road or Silk Road 2.
In order to buy or sell goods, a user just need to registering an account for free. Once registered, users could browse thousands of user-submitted list of illicit goods -- from weapons like guns, tasers hidden in fake cigarette packets to plenty of other fraud material -- and buy products with digital currency Bitcoin.
Evolution was also slicker, faster and more professional than other dark web marketplaces. It also promises greater trust to its customers due to its centralized "escrow" system, the supposedly security feature that actually allowed the site’s admins to make off with its users’ Bitcoin.
Evolution holds the vendors’ Bitcoin funds in the site’s centralized "escrow" system before Evolution’s administrators and the two of the parties involved in a transaction signed off on transactions.
Read More:
http://thehackernews.com/2015/03/evolution-drug-market-bitcoin.html
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