Atlantis (market)

Last updated
Atlantis
Type of site
Darknet market
Available in English
URLatlantisrky4es5q.onion (defunct) [1] [2]
CommercialYes
RegistrationRequired
LaunchedMarch 2013
Current statusOffline

Atlantis was a darknet market founded in March 2013, [1] the third such type of market, concurrent with The Silk Road and Black Market Reloaded. It was the first market to accept Litecoin. [3]

Shortly after launch, Atlantis deployed an aggressive marketing campaign to compete with Silkroad. To entice customers to switch allegiance, Atlantis focused its strategy on "usability, security, cheaper rates (for vendor accounts and commission), website speed, customer support, and feedback implementation". [4] In June 2013 its startup style video attracted much media attention. [2] [5] The video advertised Atlantis as the "world's best anonymous online drug marketplace" and outlined offered features missing in its competitors. [6] After this campaign, one of the site's co-founder announced that they secured more than $1 million in sales. [6]

Shortly after Operation Onymous, the market closed with one week's notice in September 2013. [7] Like other markets such as Black Flag, Atlantis' owner closed the site out of fear of arrest. [8] During the trial of Ross Ulbricht, it was revealed that Mr. Ulbricht had kept a journal, with one of its final entries stating, "Atlantis shut down. I was messaged by one of their team who said they shut down because of an FBI doc leaked to them detailing vulnerabilities in Tor." [9] There are sources, including the site's staff, who believe that the closing was outright theft, [10] with the owners stealing its users' bitcoins. [8]

Related Research Articles

A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Exchanges may accept credit card payments, wire transfers or other forms of payment in exchange for digital currencies or cryptocurrencies. A cryptocurrency exchange can be a market maker that typically takes the bid–ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.

Silk Road (marketplace) 2011–2014 darknet market known for the sale of illegal drugs

Silk Road was an online black market and the first modern darknet market, best known as a platform for selling illegal drugs. As part of the dark web, it was operated as a Tor hidden service, such that online users were able to browse it anonymously and securely without potential traffic monitoring. The website was launched in February 2011; development had begun six months prior. Initially there were a limited number of new seller accounts available; new sellers had to purchase an account in an auction. Later, a fixed fee was charged for each new seller account. Silk Road provided goods and services to over 100,000 buyers.

A cryptocurrency, crypto currency or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.

Bitcoin network Peer-to-peer network that processes and records bitcoin transactions

The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol. Users send and receive bitcoins, the units of currency, by broadcasting digitally signed messages to the network using bitcoin cryptocurrency wallet software. Transactions are recorded into a distributed, replicated public database known as the blockchain, with consensus achieved by a proof-of-work system called mining. Satoshi Nakamoto, the designer of bitcoin, claimed that design and coding of bitcoin began in 2007. The project was released in 2009 as open source software.

The dark web is the World Wide Web content that exists on darknets: overlay networks that use the Internet but require specific software, configurations, or authorization to access. Through the dark web, private computer networks can communicate and conduct business anonymously without divulging identifying information, such as a user's location. The dark web forms a small part of the deep web, the part of the Web not indexed by web search engines, although sometimes the term deep web is mistakenly used to refer specifically to the dark web.

History of bitcoin History of the Cryptocurrency

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. It was invented and implemented by the presumed pseudonymous Satoshi Nakamoto, who integrated many existing ideas from the cypherpunk community. Over the course of bitcoin's history, it has undergone rapid growth to become a significant currency both on- and offline. From the mid 2010s, some businesses began accepting bitcoin in addition to traditional currencies.

Sheep Marketplace

Sheep Marketplace was an anonymous marketplace set up as a Tor hidden service. It launched in March 2013 and was one of the lesser known sites to gain popularity with the well publicized closure of the Silk Road marketplace later that year. It ceased operation in December 2013, when it announced it was shutting down after a vendor stole $6 million worth of users' bitcoins.

Black Market Reloaded

Black Market Reloaded was a .onion hidden Tor website which sold illegal drugs and other illegal goods such as stolen credit cards and firearms. Its popularity increased dramatically after the closure of Silk Road, its largest competitor. In late November 2013, the owner of Black Market Reloaded announced that the website would be taken offline due to an unmanageable influx of new customers following the collapse of Sheep Marketplace and Silk Road.

Ross Ulbricht American founder and administrator of darknet marketplace the Silk Road (born 1984)

Ross William Ulbricht is an American who created and operated the darknet market website Silk Road from 2011 until his arrest in 2013. The site used Tor for anonymity and bitcoin as a currency and facilitated the sale of narcotics and other illegal sales. Ulbricht's online pseudonym was "Dread Pirate Roberts" after the fictional character in the novel The Princess Bride and its film adaptation.

Mark Marie Robert Karpelès, also sometimes known by his online alias MagicalTux, is the former CEO of bitcoin exchange Mt. Gox. He moved to Japan in 2009.

Operation Onymous International police operation targeting darknet markets

Operation Onymous was an international law enforcement operation targeting darknet markets and other hidden services operating on the Tor network.

Agora was a darknet market operating in the Tor network, launched in 2013 and shut down in August 2015.

Evolution (marketplace)

Evolution was a darknet market operating on the Tor network. The site was founded by an individual known as 'Verto' who also founded the now defunct Tor Carding Forum.

A darknet market is a commercial website on the web that operates via darknets such as Tor or I2P. They function primarily as black markets, selling or brokering transactions involving drugs, cyber-arms, weapons, counterfeit currency, stolen credit card details, forged documents, unlicensed pharmaceuticals, steroids, and other illicit goods as well as the sale of legal products. In December 2014, a study by Gareth Owen from the University of Portsmouth suggested the second most popular sites on Tor were darknet markets.

Utopia (marketplace)

Utopia was a darknet market similar to The Silk Road that facilitated sale of illegal items such as narcotics, firearms, stolen bank account information and forged identity documents. Utopia was based on Black Market Reloaded and has ties to it.

DeepDotWeb was a news site dedicated to events in and surrounding the dark web featuring interviews and reviews about darknet markets, Tor hidden services, privacy, bitcoin and related news. The website was seized on May 7, 2019 during an investigation into the owners' affiliate marketing model, in which they received money for posting links to certain darknet markets.

The Hub is a discussion forum on Tor hidden services on the dark web focused on darknet market reviews, cryptocurrency and security.

United States virtual currency law is financial regulation as applied to transactions in virtual currency in the U.S. The Commodity Futures Trading Commission has regulated and may continue to regulate virtual currencies as commodities. The Securities and Exchange Commission also requires registration of any virtual currency traded in the U.S. if it is classified as a security and of any trading platform that meets its definition of an exchange.

Variety Jones and Smedley (Smed) Charger are pseudonyms of individuals reported to have been closely involved with the founding of the darknet market Silk Road.

USBKill Anti-forensic software designed to react to unfamiliar USB devices

USBKill is anti-forensic software distributed via GitHub, written in Python for the BSD, Linux, and OS X operating systems. It is designed to serve as a kill switch if the computer on which it is installed should fall under the control of individuals or entities against the desires of the owner. It is free software, available under the GNU General Public License.

References

  1. 1 2 "Black-market risks". gwern.net. Retrieved 13 June 2015.
  2. 1 2 Pangburn, DJ (August 26, 2013), The Deep Web's Newest Drug Mecca Is the Facebook of Virtual Black Markets, Vice, retrieved March 27, 2021CS1 maint: date and year (link)
  3. Blazenhoff, Rusty (27 June 2013). "Atlantis, A Virtual Black Market For Illegal Goods & Services" . Retrieved 14 June 2015.
  4. Bartlett, Jamie (2015-06-02). The Dark Net: Inside the Digital Underworld. Melville House. ISBN   9781612194905.
  5. Howell O'Neill, Patrick (20 September 2013). "Online black market Atlantis abruptly shuts down" . Retrieved 13 June 2015.
  6. 1 2 Martin, J. (2014). Drugs on the Dark Net: How Cryptomarkets are Transforming the Global Trade in Illicit Drugs. Hampshire: Palgrave Pivot. p. 34. ISBN   9781349485666.
  7. Biggs, John (21 September 2013). "Atlantis, The Flashy Silk Road Alternative, Shuts Down" . Retrieved 13 June 2015.
  8. 1 2 Martin, Will (2014). Black Market Cryptocurrencies: The rise of bitcoin alternatives that offer true anonymity. Will Martin. p. 29. ISBN   9781500195618.
  9. Greenberg, Andy (2015-01-23). "Here's the Secret Silk Road Journal From the Laptop of Ross Ulbricht". Wired. ISSN   1059-1028 . Retrieved 2020-03-23.
  10. Ormsby, Eileen (26 September 2013). "The Fall of Atlantis – a Moderator tells" . Retrieved 14 June 2015.