Wall Street Market exit scamming – Do not deposit

DDW Archive
DeepDotWeb   21 Apr 2019   31

The Dread Forum, which is a popular reddit-like forum on the dark web, has just published an interesting thread that claims that the dark net market Wall Street Market is most likely exit scamming.

The story began a few weeks ago, when the Dream Market, the oldest standing darknet marketplace, has announced that it is shutting down. Accordingly, the majority of Dream Market users decided to move their trading activities to the Wall Street Market. The incident has been debated on the Dread community that Wall Street is likely to have scammed those migrating traders for over $30 million worth of bitcoin.

WSM’s official moderator published a post stating that Wall Street Market’s administrators announced that the marketplace’s platform is experiencing technical problems due to a server crash that resulted in failure of the marketplace’s bitcoin server to synchronize with the blockchain. These technical problems led to loss of control over the bitcoin wallets managed via this server, until re-synchronization is resumed once again.WSM’s official moderator published a post stating that Wall Street Market’s administrators announced that the marketplace’s platform is experiencing technical problems due to a server crash that resulted in failure of the marketplace’s bitcoin server to synchronize with the blockchain. These technical problems led to loss of control over the bitcoin wallets managed via this server, until re-synchronization is resumed once again.

WSM.png

Wall Street Market’s administrator also added:

“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, and they estimated the synchronization process to be successfully completed yesterday.”“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, and they estimated the synchronization process to be successfully completed yesterday.”

Is Wall Street Market benefiting from this move?

Most dark web users are currently quite sure that Wall Street Market has really exit scamming. One user thinks that from a rational, rather than a moral, point of view, this is somehow an intelligent move.

The following represents how Wall Street Market’s administrators will win with this move:

– This will shift the focus of law enforcement agencies onto another darknet marketplace

– They currently have extensive resources and experiences to establish a secondary cryptomarket, if they wish. They can wait for 6-12 months and then build an even bigger marketplace

– $13 million for each of the market’s owner is enough to secure one’s lifetime, if you invest them wisely and are more or less frugal

– Every player in the game of cryptomarkets should have their very own exit strategy. Even though some will be heroes, others will be definitely scum. It is not logical to run a darknet marketplace for ever, or else you will get busted. One to two years are somehow enough.

An exit scam worth of $30 million:

For two weeks, many users have been suspecting an exit scam and they even contacted the platform’s administrators directly. Someone posted on Dread saying:

“I would finalize early rather than escrow, as the drug vendors have stock for sale, even though the marketplace’s administrators don’t. I am really happy that the market operators are running with our bitcoins, rather than law enforcement confiscating them and continue on winning a new battle in this stupid war.”

Another user confirms the exit scam and claims that the marketplace’s owners have even started blackmailing users stating:

” I am positive! On WSM, I use the alias “californiafinest” and the support department is sending messages with all of my orders that include plain text on their bitcoin address, asking for them. They are blackmailing users now to pay or they will be included in the list which will be leaked to the FBI and Europol. They further warned that this is not a burned packstation or a burn drop, emphasizing that the investigations will go deep once the whole marketplace is crawled and saved, adding that if a user pays and includes the id of the order on the dispute message, they will be removed off the list leaked to law enforcement.”

In the end, it seems that there is a considerable body of evidence proving that Wall Street Market is exit scamming with over $30 million worth of bitcoin. With the war inflicted by the FBI and Europol against darknet marketplaces, it is really disappointing to see another cryptomarket go away with not only an exit scam involving tens of millions of USD, but with also a plan to blackmail users and dig even deeper holes in their pockets.

Remember that all dark web markets are assumed to exit scam at some point.

31 Comments

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  1. April 23, 2019 at 2:56 pm Bayride

    Empire is on the rise!

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  2. April 23, 2019 at 12:46 pm Casey runyan

    Anyone know any other markets

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  3. April 23, 2019 at 10:34 am itsover

    Rather we like to admit it or not…this Dark Web shit is a dead end and not reliable. At the end off the day we all get too comfortable and end up losing money in some fucking exit scam. I’m done with this shit bro….

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    • April 23, 2019 at 6:27 pm The_Ant

      ..it’s true. With alphabay is dead also the deep web. With the closure of alphabay the police managed to create chaos, and the chaos created everything we are seeing these days

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  4. April 23, 2019 at 9:45 am This is a scam

    WSM and Evolution are one in the same, It looks the same in every way the way the exit scam was carried out. Replace Dream with Agora and WSM with Evolution.

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  5. April 23, 2019 at 7:47 am True4You

    —–BEGIN PGP SIGNED MESSAGE—– Hash: SHA512

    Hi,

    PLEASE DONT ORDER on WSM !!

    I cannot remove my offer or activate my vacation mode !!

    Kind regards

    True4You —–BEGIN PGP SIGNATURE—– Version: GnuPG v1

    iQEcBAEBCgAGBQJcvuyPAAoJECCO4LZXs75NJAEH/3kT4DN49Isas8+q++WBs3Yt lqkUnlHVqlLYA7RyqhqCQSjf4P866QPJ94u04tNlIawoMy4GyZs/Tmc+mDRHoOwf EhZhKF/xWUzfS9O2F8bgMoIyS1VJzOS3SRMGp2ZR3VhKditS/aj1udBBwXgzSkp4 v4CMW9g7tawgwKnZ2MLQ8gj46dxvMcvJT8D0ldbL7b4c4cXnvzNCAjNVh5v7DWWG uuq5dQlgAEi83D+S3Dm4fiNJZfrDD/csNful9SfZAqNviMrosrIGXkpnSw0Zhgef q7aaJ9FORj+Jjphdtu8MQO4Wz/pih/MXw+acYhNYAmeFS5o0SzLhkWbULIxpppw= =u1sk —–END PGP SIGNATURE—–

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  6. April 22, 2019 at 9:26 pm Jordney

    it true fuck this shit

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  7. April 22, 2019 at 9:24 pm Jarry

    fuck its true

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  8. April 22, 2019 at 7:13 pm Lopoka

    http://www.blockchain.com/btc/address/32Eup1TPADYTAa46wq48c7qmg7AuFwigeM

    Every Money from Transactions on WallStreet send to this address.

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  9. April 22, 2019 at 6:38 pm ddddddd

    God fucking damn them, and I decided to place a few orders while dream is switching sites, and now the refund from my cancelled order is not appearing.

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  10. April 22, 2019 at 2:54 pm Nino

    And yes LOL this make a while I say that WSM is a big shit and now they blackmail the sellers. Long live Dream Market and its super serious admin unlike other service funny. Empire is the best market.

    WSM = sucker and thief

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  11. April 22, 2019 at 9:27 am Hypnode

    Does this effect orders where buyers have used the first method too? Or only multi-sig/escrow?

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  12. April 22, 2019 at 1:10 am Basketcase3

    It happens and always seems to happen at the worst time for people. All those who keep getting strung along. 30 million is alot of of money to be running off with and trying to hide. The irs will come knocking sooner than later. Uncle sam never loses.

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    • April 22, 2019 at 2:34 pm DumbDumb

      You’re seriously stupid. They have broken much bigger laws than cheating on their taxes, and who says they are even from the US?

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      • April 23, 2019 at 12:44 am AikonRaven

        Tell me how 3 fat nerds are going to cash out 30m$ of Bitcoin without calling attention on themselves wether by authority or people they scammed?!?

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  13. April 22, 2019 at 12:41 am AikonRaven

    Confused, would fhink that with all profit Markets make, they could hire best Devs around and fight LE instead of running. Dont agree when people say DM was an exit scam, in 5 years never had a complaint about them, plus they giving everyone over a month to retreave their coins. Has for wsm, if theyvin exit scam which seems evident i can only call owners plain stupid with migration from DM, they could have hired a team to fight LE and make profit in a year way over 30m£. But feel sorry for moderators who are has much victims has us.

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    • April 22, 2019 at 12:48 am AikonRaven

      … And something to think about, all markets ive seen have msg encrypt button, why does wsm not have one?!? Would they made deal with Devil turning us over to LE? Guess time will tell.

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      • April 22, 2019 at 5:59 am Vendy_McVendface

        Auto-encrypt means you’re sending a plain text message to the site, and trusting that they encrypt it for you AND don’t save a copy of the plain text message. Trusting such a system is simply retarded. ALWAYS manually encrypt your sensitive information…

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        • April 23, 2019 at 12:37 am AikonRaven

          Simply retard?!? Its a question of trust and logic, try using a pgp key on mobile. No smarter using a computer which was first thing police confiscated when searching my flat for drugs i didnt have. Mobile i can drop and break a computer even if you manage to delete everything their are plenty of tools to recover deleted information. Honour amongst us who fight system, Dream Market was a big loss in our cause. :(

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          • April 23, 2019 at 1:30 pm Yoman

            You use darknet market on your mobile ? Be carefull man

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          • April 23, 2019 at 1:54 pm notthelowhangingfruit

            On a mobile?? dude you’re the low hanging fruit. You think LE cant retrieve info off your smashed mobile? Really?? Dude you need to learn privacy OS systems and fast. Computers are 110% safer than a fucking mobile device.

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  14. April 21, 2019 at 10:55 pm jackhack

    Didn’t wall street have multisig? How did they exit scam with multi sig?

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  15. April 21, 2019 at 10:26 pm FWSM&FUCKDREAM

    GREEDY CUNTS, HOPE THEY GET DOXXED

    SpeedStepper isn’t a hero either, where was he when “admins” stole from all the vendors??

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  16. April 21, 2019 at 8:07 pm David Stearns

    Anybody have the “single wallet” address that WSM has been transferring the stolen BTC to? It would be interesting to see on the blockchain

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  17. April 21, 2019 at 6:50 pm True4You

    shit!! :(

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  18. April 21, 2019 at 6:09 pm GreenEmporium

    GreenEmporium here! I’m currently trying to reach out to all of my customers. Due to current issues with wall street market I would like to extend an apology and am willing to work with any of my customers affected. I’d appreciate it if you could contact me on Wickr. Under the name GreenEmporiumDN. I’m looking forward to continue our efforts together and finding a middle ground in this time of troubles.

    As for new customers. We can work things out but be wary that we are currently busy trying to fix all of the issues with our current situation. We offer a variety of product from herb to oils, and distillate. We look forward to working together.

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  19. April 21, 2019 at 11:25 am GlipGlop

    Hardest thing to accept in my life I couldn’t even get sleep cause of this

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  20. April 21, 2019 at 10:27 am John

    Who wrote this ?

    – Every player in the game of cryptomarkets should have their very own exit strategy. Even though some will be heroes, others will be definitely scum. It is not logical to run a darknet marketplace for ever, or else you will get busted. One to two years are somehow enough.

    I wish that owners like “SpeedStepper” would be more who not doing exit scam … and such people like WSM owners and who thinks that after 2 years you have to exit scam need to be burn in hell

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    • April 23, 2019 at 2:56 pm recent

      Wallstreet Market 04/21 03:48 am

      WARNING! It seems that the Administrators of Wall Street Market have stolen everyone’s money. Do NOT deposit any money into the market as you will never see it again. Please be careful of any other messages from support as some staff have been attempting to blackmail users for money! For updates on this there are posts on Dread forums! dreadditevelidot.onion/post/61042cfb30989d4f2783 I am so sorry to everyone who may have lost money here and I am trying to warn as many people as I can! MED3L1N IS THE BLACMAILER I HAVE NOW TAKE OVER HIS SUPPORT ACCOUNT TO BRING YOU THIS WARNING! – Med3l1n – Moderator

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