Darknet Users Claim Wall Street Market Exit Scammed The Community For Over $30 Million
Users And Vendors Complain About A Possible Exit Scam
The largest darknet market on the deep web called Dream market shut down its operations. The main intention was to transition towards a new marketplace. Due to this reason, several users moved to other markets, including Wall Street, Cannazon or Majestic Garden.
One of the marketplaces with the largest number of new vendors and customers that migrated from Dream is Wall Street. This is why the latter registered an increased number of Bitcoin (BTC) in escrow before some individuals complained about some issues with the platform.
WSM’s moderator published a post in which he mentioned that the marketplace was experiencing some technical issues due to a server crash that made the bitcoin server of the marketplace to fail.
Wall Street Market’s administrator commented:
“Due to this incident, we were forced to send crypto assets manually to the waiting list Bitcoin wallet, as we have to wait for this process to complete, so that coins can be sent to the appropriate matching escrow wallet. Our technical advisors said that the platform will soon shift to the maintenance mode in order to prevent sending of more bitcoins.”
Several users believe that the Wall Street Market is performing an exit scam after it was able to receive a large influx of new funds from Dream. According to DeepDotWeb, on April 20, WS stopped paying vendors and all the funds collected were transferred into a single Bitcoin address.
This is something that contrasts with the version that was given by the WS moderator. Clearly, this is not the first exit scam that the cryptocurrency market experienced. There have been several Initial Coin Offerings (ICOs) that gathered millions of dollars from investors and run away with the funds. Meanwhile, a large number of fraudsters have also been attacking crypto-related users with different methods.
Live Bitcoin (BTC) Price:
1 BTC/USD =$49,541.4693 change ~ -9.19%