[2015-03-18] Forbes: Dark Web Market Just Disappeared with Millions In Bitcoin

[pitham1]

A $50m Drug And Gun Dark Web Market Just Disappeared And Millions In Bitcoin With It

http://www.forbes.com/sites/thomasbrewster/2015/03/18/evolution-market-a-scam-says-site-pr/

It had become a bigger, badder version of the Silk Road drug bazaar in its short life, but Evolution, founded on 14 January last year, has apparently been closed and one staffer is claiming the admins have scammed its huge user base. The site, based on the anonymising Tor network, was home to nearly 20,000 drug sales at the time of its apparent demise, far more than Silk Road or its subsequent iteration Silk Road 2, but also sold weapons, from guns to tasers hidden in fake cigarette packets, and plenty of fraud material.

[Bit_Happy]

Another sad day..........No not again!
Blame the stupid drug laws, since legal markets are better for almost everyone.

[LiteCoinGuy]

http://www.coindesk.com/dark-market-evolution-vanishes-with-12-million-in-bitcoin/

[1Referee]

So that's why the Bitcoin price is going down. This time we can't blame exchanges for being amateurs.

After a tiny recovery after all the drama there is yet another load of shit for us to break through.

[Calculator]

Word of advice to all new BTC users


Do not send your BTC to illegal underground drug dealing dark websites .............

[Wallet Boy]

The fact that this news made bitcoin go down in value a very significant amount is a bummer. Also, this...

http[Suspicious link removed]c-resigns-as-company-faces-criticism/ [the admins took down this very relevant link, duck them]

[bitwarrior]

So that's why the Bitcoin price is going down. This time we can't blame exchanges for being amateurs.

After a tiny recovery after all the drama there is yet another load of shit for us to break through.

Yep, I have noticed too the synchronicity of the 2 events. Wish the BTC price will recover soon after this bad news that had happened.

[SirWilliam]

Word of advice to all new BTC users


Do not send your BTC to illegal underground drug dealing dark websites .............

Hahaa. It is good advice. Also, don't put your hard drive in a wood-chipper. Don't stick your finger in a running blender. And don't throw your cash in a blast furnace. Some people have to be told everything...

[Clegg]

To be honest these dark markets have a shelf life of around a year or so before they get hacked or busted so it's probably wise for them to shut up shop or take the money and run before the law catches up with them. We're never going to be able to trust these markets by their very nature so yet more reasons why people should turn to decentralized exchanges so they don't need to worry about this stuff happening.

[okthen]

Well, the last time we had an huge drug-website-related event...
October 2014?

[Kprawn]

Strange how the fiat price is never influenced when there is a major drug bust somewhere in the world. *joke

There is just no way to prevent these things from happening, even if they implemented the full KYC and AML regulations. Documents and identification is faked on a daily basis.

Government officials are bribed and sites like this will exist, no matter what we do. As soon as one goes down, another one pop up.

It looks like the operator of this site was the runner ......so in a weird way, it was justice served and no more coins for the government to be sold on auction.