AlphaBay a.k.a Darknet is gone

in #blockchain7 years ago

image
**On July 4th, last tuesday, one of the biggest or should I even call it the biggest dark market was shutdown and disappeared from existence without any trace. darknet houses more than hundreds of thousands of users buying and selling illegal items. Its estimated daily transactions worth $800k. For those people that does not know what dark market is as the name implies.
Dark market is a platform where criminal and non-criminal transactions are been carried out on a daily basis. It enable users to buy and sell illegal items such as guns, stolen credit cards,drugs among others. In a simple sentence, dark market is illegal digital marketplaces. Darknet was created using the same kinds of technologies that typically underpin Bitcoin technology .

AlphaBay emerged in 2014, following the death of Silk Road. AndreiBarysevich, a director at Recorded Future Inc., and specialist in dark web matters tells theJournal that it "Was the biggest marketplace on the Dark Web.While Silk Road made its name selling drugs, AlphaBay was prolific in its black marketproducts.
image
If a dark net market's operators decide to take off with the bitcoins that are being held inescrow, users have no recourse.The operation at Alphabay was well run and sophisticated ... I'm very curious to see over thecoming days and weeks how users react to the news. **
AlphaBay's was shutdown through the coordinated effort by law enforcement agencies from US, Canada and Thailand according to WallStreet Journal. Dark markets are invisible to the public as we have access to socialmedias, they hidden websites accessible through browsers such as Tor, with encrypted communications. AlphaBay had really became a deposit bank where credit union attracts customers with offers of 0.01% interest.

The question now remains whether or not the users and vendors who were trading in non-drug related items will move on to the remaining major markets or if we begin to see a major fraud-related market take shape.

Even if no further accomplices involved with AlphaBay rising, you never know where one of these cases might go.

Sort:  

oooh exciting

Wait for a market to grow, infiltrate it, seize its assets, rinse, repeat.

Coin Marketplace

STEEM 0.28
TRX 0.11
JST 0.031
BTC 68874.67
ETH 3743.28
USDT 1.00
SBD 3.72