Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
During the last few weeks, a number of darknet markets (DNMs) like Empire and forums like Dread have been attacked relentlessly with heavy DDoS attacks. Meanwhile, reports disclose that Apollon is allegedly pulling an exit scam in the same fashion as Nightmare Market did last year. Darknetstats.com details that Apollon remains online and is accepting bitcoin deposits while all vendors are locked out of the platform.
Also read: The Darknet Just Had One of Its Wildest Months Yet
**This article has been updated on February 2, 2020, to reflect the commentary by the Twitter account Dark.fail who told news.Bitcoin.com that Darknetstats.com is spreading untrustworthy information about competing darknet markets and the Dread forum.**
Coincidental DDoS Attacks and a Possible Apollon Exit Scam
According to multiple reports, a bunch of DNMs are suffering from distributed denial-of-service (DDoS) attacks. News.Bitcoin.com reported on a variety of DNMs that were offline due to heavy DDoS assaults. In mid-December 2019, sites like Cannazon, The Hub Forum, Hydra, Monopoly, Dread, Darknet Live, and Empire were down according to the website Dark.fail. During the month of January 2020, a lot of marketplaces were downed again by being repeatedly ambushed with DDoS attacks. Dread and Empire are two DNMs that have been down often during the last two weeks. At the same time, darknetstats.com claims that the Apollon market might be in the midst of an exit scam.
For close to two months, several DNMs have been attacked by DDoS attacks and some people think they are connected with exit scams.
“Apollon Market established somewhere in 2018 is a market that offered drugs as well as fraud resources for the darknet users,” the darknetstats.com website detailed. “This is the market that is owned by a group known as ‘Market Spammers.’” The website’s blog author further added:
About five to six days ago we started receiving comments about users not getting their deposits added to their accounts. Although we get hundreds of comments every day from market admins and their competitors, we reject most of them and only approve those that are legit. The comments about deposits not getting added were real.
Apollon administrators are accused of exit scamming, locking vendors out of their accounts, and are allegedly still accepting BTC deposits.
Apollon Vendors Are Locked Out, But Vendor Accounts Show They Are Active
Darknetstats.com alleges that all of Apollon’s vendors are locked out of their accounts and some accounts were set to “vacation mode.” This means the account listings “turned active to rake as much money from the users as they can.” An ostensible Apollon vendor dubbed ‘Shamanuk’ explained how the vacation mode switch happened. “My inactive vendor listings are going active,” Shamanuk stressed. Vendor accounts [are] locked [and] buyer accounts are free. So they generate money. This guys, is a classic exit scam — Please don’t buy there anymore.”
Reports also claim that the owners of Apollon might be connected with the Dread forum owners. Moreover, Apollon could also be tied to markets like Avaris, Whitehouse, Versus, Cannahome, and Monopoly. Coincidently, Apollon is the third market that has exit scammed while Dread, a Reddit-style forum, has been offline for 15 days. However, the owner of the Twitter account Dark.fail insists that Darknetstats.com is spreading “FUD” and the website’s information is unfactual.
The ‘Market Spammers’ gang allegedly runs Apollon and the admins are allegedly connected to DNMs like Avaris, Whitehouse, Versus, Cannahome, and Monopoly.
The Market Spammers Gang Looks to Strike Again
Darknetstats.com thinks the Dread DDoS attacks and exit scams are connected. “Every time dread is offline, a market exit scams — It isn’t just a random market that goes offline, it’s their own market that exit scams, that’s because people can’t report the exit scam in its early stage to avoid getting less than expected returns,” darknetstats.com said. “You guys think it’s a coincidence? We don’t think so,” the website added. Additionally, two more markets (Avaris and Whitehouse) are being shilled heavily and are showing signs of being connected with the ‘Market Spammers’ gang.
“The conclusion is clear — We will see a powerful shilling in favor of Avaris Market and everyone will be asked to join Avaris (and Whitehouse too) on Dread,” the website’s blog post concluded. “The accounts that will do the shilling can be easily identified by experts but new users will definitely fall for this trap and will join this market and get scammed again. Our advice will be to stay away at all costs from the markets mentioned above.”
Empire and Dread remain practically inaccessible. Heavy DDoS attacks began against them when Apollon's exit scam began.
The scam is ongoing. Apollon remains online and is accepting Bitcoin deposits while all vendors are locked out. Nightmare pulled the same scam last year.
— dark.fail (@DarkDotFail) January 30, 2020
Besides darknetstats.com, on social media sites like Twitter and the Reddit forum r/darknet, a number of vendors and DNM customers are discussing the Apollon situation fervently. One individual on the forum r/darknet told DNM users not to stress over Apollon. “Ready to give up on darknet markets? — Don’t — One bad Apollon doesn’t spoil the whole bunch,” he wrote.
** After this post was published, the owner of the Twitter account Dark.fail has explained that Darknetstats.com is “well known for faking screenshots, spreading lies, and FUD.” Dark.fail has said Darknetstats.com’s article is an alleged “paid post to boost Darknetstats’ search rankings.” “PGP never verifies in his faked pics — Competing markets pay DNS to spread FUD,” the Twitter account stressed. This article has been updated to reflect Dark.fail’s recent statements against the article written by Darknetstats.com.
Who do you think could be responsible for the darknet’s DDoS attacks? What do you think about the alleged Apollon market exit scam? Let us know in the comments section below.
Images courtesy of Shutterstock, Apollon Logo, Fair Use, and Pixabay.
Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.
The post Darknet Users Discuss the Connection Between DDoS Attacks and Exit Scams appeared first on Bitcoin News.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.