Dark web stores operate illegally far from the eyes of censors and regulations, offering things for sale that are not allowed on the normal internet.

Recently, the “Empire Market” store, one of the largest stores on the dark web that accepts cryptocurrency, has been closed.

Suddenly and without warning and without any communication from the store administrators who appear to have embezzled users’ funds amounting to about $30 million in Bitcoin.

The operation in general appears to be a fraud, but there is another opinion about the disappearance.

The “Empire Market” store with more than 2,638 bitcoins disappeared:

According to the latest anonymous press update posted by a self-styled “DarkDotFail” who tracks dark web activities, the Empire Market has been hacked.

Read:The arrest of the Irish thief of $ 2 million in Bitcoin … details here

The empire is gone, the largest dark crypto market. With no explanation from its officials and no announcement from law enforcement, this looks like a devastating exit scam.

The dark web was in a golden age of trust. Expect about a year of checkout scams while rediscovering trust.

– dark.fail (@DarkDotFail) August 25, 2020

The “Empire Market” store was launched in January 2018 after the “AlphaBay” store stopped growing rapidly and dramatically, reaching 1.3 million users.

DarkDotFail adds that the Empire Market was launched on the anniversary of the death of AlphaBay store manager Alexander Kazis, who committed suicide, so the Empire Market management is not greedy, according to what the same source tells him.

What events led to the disappearance of the Empire Market store:

Empire Market went out of business on August 20, as it came under heavy pressure after back-to-back DDoS attacks.

He told DarkDotFails that the attacks may have been in response to statement The title of “State of the Darkweb” was previously shared on the reddit-like “Dread” platform.

Read:Report: 6 billion fake trading volume in cryptocurrency exchanges

Three days later, the first official statement was presented on the “Dread” platform, which provided a glimmer of hope to Empire Market users, as the statement came as follows:

If the store stays down in two more days, I will post a post about the whole situation, these are the first days and maybe the moderators will bring it back.

Then another publication appeared stating the real reasons for stopping the “Empire Market” store, as after it was exposed to a number of attacks that led to its overthrow and seizure for a ransom, according to what was published on “Dread”.

Expressing his disappointment over the move, the aforementioned permit and data holder “Se7en” apologized to the Dread forum and advised stores to use multi-signature technology to further protect cryptocurrency wallets.

Read:A 70-year-old loses her money after being scammed in the crypto world… The story is here

Stores on the dark web are still proliferating:

The fall of the “Empire Market” store left users confused as to where to go to search for the activities and products that the store was offering. According to “DarkDotFails”, there are six other stores active on the dark web that opened their doors after the “Empire Market” store stopped.

Which means as soon as a store on the dark web disappears, alternatives appear quickly!

Read also:

More than $13 billion in cryptocurrency stolen in 290 different hacks

The dark side of decentralized finance: Millions of dollars lost due to Uniswap scams