Empire Market offline: the darknet crypto market disappears
Empire Market offline: the darknet crypto market disappears

Empire Market offline: the darknet crypto market disappears

By Alfredo de Candia - 27 Aug 2020

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Empire Market is offline. The famous darknet crypto market has been offline for a few days now, almost 2 years after its creation. The website would have stolen over 2600 BTC, or over 30 million dollars. 

The bitcoin of the users, in fact, were on the platform’s wallets and not on non-custodial or third party wallets. Empire Market, in fact, used escrow systems to lock the BTC until the sale was completed and both parties were satisfied.

The confirmation of this exit scam was not long in coming also from Dark Fail, a darknet news source considered to be authoritative in the sector.

At first, it was believed that the site was under DDoS attack, as the team itself had claimed that the website would be back online in a few days.

So nothing suggested an exit scam, but the long time frame leaves no doubt now.

Unfortunately, it was only in the last few hours that the team disappeared into thin air and the website is still unreachable, after two years of activity and a very solid user base.

Empire Market, an unreliable platform from the very beginning

In any case, this was an illegal platform because it allowed users to buy products or services from criminals, so it was certainly not a platform they could trust a priori.

So it’s hard to believe that the exit scam hadn’t been properly organized with a lot of hard work every day until a couple of days ago, when the team decided to pull the plug and take the 2638 BTC loot with them.

This teaches how the use of such platforms is very risky and has been demonstrated several times over time. It also teaches people not to trust centralized platforms.


Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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