Evolution has run off with all user's funds

[innocent93]

No one talks about this? It's about 40,000 BTC lost.

http://www.reddit.com/r/Bitcoin/comments/2zf5vd/the_2nd_largest_darknetmarket_evolution_has_run/

http://www.reddit.com/r/DarkNetMarkets/comments/2zeuxo/complaintwarning_evolution_admins_exit_scamming/

[BitcoinExchangeIndia.com]

No one talks about this? It's about 40,000 BTC lost.

http://www.reddit.com/r/Bitcoin/comments/2zf5vd/the_2nd_largest_darknetmarket_evolution_has_run/

http://www.reddit.com/r/DarkNetMarkets/comments/2zeuxo/complaintwarning_evolution_admins_exit_scamming/

GooD opportunity for those working on decentralized marketplaces.

[cleo99]

I don't quite believe it's an exit scam , i've read somewhere they've got some issues due to a large amount of withdrawals

[matt4054]

• There's already a topic here
• This topic should be moved to Service Discussion

[thejaytiesto]

I don't quite believe it's an exit scam , i've read somewhere they've got some issues due to a large amount of withdrawals

The "get the money and run" scenareo seems as realistic or more. Why would you trust a centralized exchange, let alone a centralized dark market? people dont learn.

[redhawk979]

Something something The Free Market something something Rational Actors something something Best Interest something something Down with Regulations

[Ron~Popeil]

This issue is the single biggest threat to bit coin. People don't lose faith over chinese banks and potential regulations. They lose faith when their currency is stolen. People need to bring pressure on law enforcement to pursue this kind of stuff. They also need to secure their own coins. This kind of stuff is easy to avoid if you simply keep your currency offline.

[Hazir]

I don't quite believe it's an exit scam , i've read somewhere they've got some issues due to a large amount of withdrawals

The "get the money and run" scenareo seems as realistic or more. Why would you trust a centralized exchange, let alone a centralized dark market? people dont learn.

No, people just want to have stable and secure bitcoin related projects. That is the desire for centralized services in decentralized bitcoin world. It is a shame that people running projects like that tend to be filthy scammers.

[NUFCrichard]

The problem here is that someone who is probably just a bit of a tech nerd found an opportunity to do well for themselves using this new and exciting technology.  Soon enough he had 40k BTC under his control, that is $12million.  How many people here wouldn't at least consider running off with $12million in fairly anonymous money?

This guy will probably never see that much money again, he might be a nice guy, but money currupts, and we see it time and time again in the Bitcoin world, that's why you have to be very sure of where you invest your bitcoins.  I wouldn't be surprised if someone tracks him down or puts a bounty out to find him, I personally wouldn't be able to sleep or live with myself, but it is easy for me to say that when I don't have $12million under my control...

[Furio]

No one talks about this? It's about 40,000 BTC lost.

http://www.reddit.com/r/Bitcoin/comments/2zf5vd/the_2nd_largest_darknetmarket_evolution_has_run/

http://www.reddit.com/r/DarkNetMarkets/comments/2zeuxo/complaintwarning_evolution_admins_exit_scamming/

Not to mention so many average joe's out of serious money and in serious trouble because of it

[fatguyyyyy]

lol .. well, every single marketplace on the deep web eventually tips people off

[fatguyyyyy]

i meant RIPS people off

[jbrnt]

I don't know what Evolution is, this is how disconnected I am. This happened less than 20hours ago, someone named DeepThroat claimed to have inside information and possibly the admins real identity. Could he turn this around with 40k btc on the line? Have to wait and see.  

[box0211]

seems like this decentralized marketplace is in live production since 2014-sept:

https://www.youtube.com/watch?v=PQZYuelwtZU

seems to be integrated into the wallet...

[bri912678]

The problem here is that someone who is probably just a bit of a tech nerd found an opportunity to do well for themselves using this new and exciting technology.  Soon enough he had 40k BTC under his control, that is $12million.  How many people here wouldn't at least consider running off with $12million in fairly anonymous money?

This guy will probably never see that much money again, he might be a nice guy, but money currupts, and we see it time and time again in the Bitcoin world, that's why you have to be very sure of where you invest your bitcoins.  I wouldn't be surprised if someone tracks him down or puts a bounty out to find him, I personally wouldn't be able to sleep or live with myself, but it is easy for me to say that when I don't have $12million under my control...

It might be way more than $12million, according to "sources", 130k BTC were stolen. I originally heard it was 40k, but it's hard to find reliable information until a story has been out for a couple of days.

http://www.deepdotweb.com/2015/03/18/interview-with-nswgreat-evolution-staff-member/

[therealmrmike]

i am new to following bitcoin is something like this part of the drop in price today. Or is todays drop normal?

[ChuckBuck]

i am new to following bitcoin is something like this part of the drop in price today. Or is todays drop normal?

Normal.  We usually drop to $0 before retracing though, so this is a tiny move.

[pleaseexplain]

i am new to following bitcoin is something like this part of the drop in price today. Or is todays drop normal?

there is nothing "normal' in terms of bitcoin volitity. usd and other currencies shift at most 1-2? in the short term bitcoin can do big jumps.

go to sites like coindesk and look at the price charts  eg in 2 days in january it went from $267 to $177 and a day later back to $210.

 

[guitarplinker]

i am new to following bitcoin is something like this part of the drop in price today. Or is todays drop normal?

there is nothing "normal' in terms of bitcoin volitity. usd and other currencies shift at most 1-2? in the short term bitcoin can do big jumps.

go to sites like coindesk and look at the price charts  eg in 2 days in january it went from $267 to $177 and a day later back to $210.

 

Today's drop was more than normal, compared to daily prices changes in the past few months. Yesterday IIRC the peak was about $295 USD, and now a coin is selling for about $255 USD, which translates to a 15% drop in less than 24 hours.

[Snipe85]

i am new to following bitcoin is something like this part of the drop in price today. Or is todays drop normal?

there is nothing "normal' in terms of bitcoin volitity. usd and other currencies shift at most 1-2? in the short term bitcoin can do big jumps.

go to sites like coindesk and look at the price charts  eg in 2 days in january it went from $267 to $177 and a day later back to $210.

 

Today's drop was more than normal, compared to daily prices changes in the past few months. Yesterday IIRC the peak was about $295 USD, and now a coin is selling for about $255 USD, which translates to a 15% drop in less than 24 hours.

A 15% drop in 24 hours normal? That's why I love this crazy world of Bitcoin. You won't find people saying things like that anywhere else in the financial world.