The Downfall of Cypher Darknet Market
Today, we’re checking out the troubling developments at Cypher Darknet Market. If you’re part of the Darknet community, you’ve probably heard about Cypher Market’s strategic focus on a wallet-less escrow system.
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Today, we’re checking out the troubling developments at Cypher Darknet Market. If you’re part of the Darknet community, you’ve probably heard about Cypher Market’s strategic focus on a wallet-less escrow system.
Launched in February 2020, the market was initially praised for its innovative approach to transaction security using Bitcoin and Monaro. However, recent events have cast a dark shadow over its operations, stirring fears of an exit scam or law enforcement seizure among its user base.
Firstly, the market’s lack of communication has been a significant red flag. Despite facing severe issues, the Cypher Market admins have failed to maintain open lines of communication, which is critical in any trading environment, especially on the Darknet. This silence is not just frustrating; it’s alarming, indicating either a disregard for it’s users or something more sinister at play.
Moreover, technical glitches have worsened, with frequent 502 errors disrupting access and transactions. Such persistent technical failures hint at underlying infrastructure issues compromising the market’s stability.
Furthermore, withdrawal disruptions have been reported, a classic warning sign of potential law enforcement action or exit scams.
Adding to the chaos, the analysis of Cypher Market’s presence on the clearnet has revealed multiple dysfunctional websites, adding layers of doubt about the market’s reliability. In addition, the clearnet cites that advocate for Cypher Market, all have .onions that when you add “/pgp.txt” or “/canary.txt” it actually go to a page with a PGP key of a different Darknet administrator.
These operational flaws, combined with an absent administration and unresolved financial discrepancies, sketch a picture of a market in disarray. Given these concerns, my advice to you is caution. Even if the market resolves its current issues, the lingering doubts about its administration’s integrity are too significant to ignore. Today’s video highlights the importance of vigilance and due diligence in the Darknet sphere.