Bitcoin Scammers Run Off With $12 Million: “Going to The Caribbean… Hope You Guys Understand”

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evolution-bitcoin-theft

For the casual observer the underground online marketplace, often referred to as the DarkNet, seems to resemble the lawlessness of the Wild West. Over the last several years millions of dollars worth of digital crypto-currencies have been stolen, oftentimes by the very operators of the web sites tasked with managing the online digital “hot” wallets of its users. (A “cold” wallet is used to store crypto-addresses on your own Flash drive or can be written down on a piece of paper).

The most recent example comes to us from the “Evolution” Darknet, which according to a report from Crytpo Coins News shut down their web server and ran off with $12 million in user bitcoins:

Users of the popular darknet marketplace Evolution were disappointed over the last couple of days as the site has been unavailable. Spotty access is normally unsurprising for the market, and there is a long list of alternative URLs. But none of them have worked, so it appears the site is down.

Evolution has become much more active in the wake of the arrest and subsequent conviction of Ross Ulbricht, the operator of the first major darknet marketplace, Silk Road. Its operators do not have the same philosophical drive as did the Silk Road operator.

A user or users operating under the name Verto and Kimble appear to be the culprits responsible for transferring the funds out of the Evolution network. But the story doesn’t end there.

The operators of Evolution did leave a note for their users letting them know what happened to the money. As you might expect, the $12 million in bitcoins that have been disappeared will be shared among the former admins of Evolution, with the operator of the site claiming he’s headed to the Caribbean to enjoy his profits:

Due to unforseen events I decided to close down Evolution Marketplace. We want to thank you guys for you effort and help making this the most profitable and popular marketplace. This wasn’t an easy decision but due to other marketplaces getting shut down and the forum going downhill I decided to cut my ties and exit with an eight figure profit. The millions from evo will be divided up amongst the mods a few admin and members. Since this is such an abundance of money I may consider buy ins from former evo members in exchange for 1k bitcoinis. I’ll be around around for a short period of time before permanently moving to the caribbeans, I hope you guys understand.

Crypto-currencies like Bitcoin are gaining popularity across the world, but with the anonymity the provide the entire system remains open to unscrupulous brokers.

For those utilizing bitcoin and other crypto-currencies it is strongly recommended that they keep their funds in “cold wallet” storage to avoid broker shut downs and theft of “hot wallets” that are stored online.

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  • Chir

    This is the nature of the internet and especially the “Dark Net”. As long as there is no accountability people will behave badly. Once a few of these internet criminals turn up dead perhaps they will consider before stealing. Until then its the wild west and everyone is wearing masks.

  • http://anenemyofthestate.wordpress.com/ Bevin Chu

    This is why only precious metals are truly dependable.

  • Freedom

    I hope someone buries him in the sand permanently for doing this to people. He’d better enjoy the Caribbean all he can while he’s still alive. Once he dies, the next place he’s going to land in will make the Caribbean feel like a noreaster in Alaska.

  • Bubba T

    Suckers and shucksters are born every minute.

  • N_Disnye

    Glad I couldn’t understand it.

  • Freespirit

    From the very beginning of Cryptocurrencies I made the decision to wait until I see adequate COMPETITION., which provides the BEST security

    So far I still don’t see it so I shall keep waiting, watching and investigating/scrutinizing

    Gold and Silver IN YOUR OWN hands is still the best….just don’t tell anyone you have Gold and Silver, especially anyone connected to Banks or Government, including and especially,friends

  • Chir

    Yes I agree. It is freedom. As long as you are aware of the risks it works. Otherwise you are a victim waiting to happen. You just need to protect yourself. There are internet criminals “governments included” which will steal your money, property and even your freedom. So traveling the dark net you need your shields up, running tor “tails” on a clean laptop connected to public wifi. Use throwaway email accounts, and if needed, burner cell phones bought with cash. When you are on the Dark Net trust no one.

  • Optimist911

    Should’ve used MtGox.

    Oh, wait…