AlphaBay gets hacked by cyber crooks
Flim-flam and shadiness suspected at dark web bazaar AlphaBay.
AlphaBay, a dark web marketplace, is possibly shuttering due to cyber chicanery and fraud. Evidently the site’s founders and users got fleeced to the tune of $3.8 million bucks two days ago as a result of an elaborate heist. The darknet market site sells boatloads of contraband — machine guns, MDMA, malware snippets, amazing porn, artwork peddled by Islamic State, etc. — and lost millions of dollars of bitcoin via exploits on the site.
The URL, hosted on the Tor Network, went offline as we were pounding beers early on July 4, and the admins have remained mum on the site’s dedicated subreddit. According to Cryptocoins News, several users of the site detected an unusual bitcoin withdrawal (1,479.03904709 bitcoin, or $3.8 million), distributed among different user accounts. These types of transactions are cryptographic trap doors that are mathematically cloaked to ensure anonymity, making it almost impossible to track.
While some users are speculating that this could be a massive heist, others are staying patient, hoping that the site could be undergoing routine maintenance or an upgrade. The large bitcoin transaction, as some on social media have surmised, may not even have originated at AlphaBay. Site users have also confirmed that cash they had deposited into their digital wallets was spared.
Exit scams like this are commonplace given that the darknet is essentially anarchical and teeming with digital terrorists, so it is possible (and probable) that the ‘new Silk Road’ could be experiencing a major rip-off. Back in 2015, Evolution – another darknet marketplace – shut down, and $12 million was lifted from its users.
A few weeks back, a big-time millionaire vendor on AlphaBay from Portland, Oregon was busted by Homeland Security and the FBI. He was found to have conducted 1,684 drug deals, pocketing over $1 million.
If you are a dark web fiend like us, now might be a good time to chill in the shadows: when sites like AlphaBay go down, phishers and cyber scamsters rush to exploit naive and unsuspecting users. A Reddit thread is advising users to save their links after verifying transactions and stay away from random anchor text posted on Reddit and other sites. Welcome to the deep web’s dark side. Ugh.
VIVISXN MEDIA – Tech + Deep Web