• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
police arrest dream market dark web

Darkweb ‘Dream Market’ Now a Bitcoin Payment-FBI Honeypot?

Matthew North by Matthew North
4 years ago
in News, Bitcoin, Bitcoin Businesses, News teaser
0

Three men have been arrested this month under suspicions of running one of the largest drug stalls on the dark web named “Sinmed,” as reported by ABC News Australia. The illegal drug marketplace conducted its business on Dream Market, which is now suspected of being compromised as a “honey pot” by law enforcement agencies.


Multi-Million ‘Dream Market’  Bust in New Jersey

Authorities have arrested three men after a two-year investigation. The criminal probe uncovered a drug-dealing storefront named Sinmed, which was operating on the deep web marketplace Dream Market.

Buckets of drugs were seized as part of the sting, including Xanax and Fentanyl-laced heroin, as well as methamphetamine.

The criminals offered drugs in exchange for cryptocurrencies such as Bitcoin.

The seizure was reported as highly significant according to Manhattan District Attorney Cyrus Vance, stating:

Not only is this the first time state prosecutors in New York have taken down a dark web storefront, this takedown represents the largest pill seizure in New Jersey’s history.

The investigation appears to be part of a larger operation run by FBI, Europol and other law enforcement agencies. Although Sinmed was not specifically mentioned in a video tweeted FBI, it claims to have made “61 arrests in its second coordinated law enforcement operation, Operator Sabotor, targeting opioid trafficking on the Darknet.”

#ICYMI: Building on the success of last year’s Operation Disarray, this week, J-CODE announced 61 arrests in its 2nd coordinated law enforcement operation, Operation SaboTor, targeting opioid trafficking on the Darknet. https://t.co/iZUjHO3wno pic.twitter.com/wjFyrw9s7i

— FBI (@FBI) March 30, 2019

Hysteria that darknet markets have been compromised

Due to the crackdown on illegal drug marketplaces on the deep web, there are now fears that Dream Market and newer drug marketplaces are now compromised by authorities.

In the wake of the recent arrests, Dream Market — the internet’s longest-running drugs and illicit goods marketplace, announced that it was going offline at the end of April 30.

The site’s homepage was replaced with a statement claiming that it was transferring its services to a “partner company” with a new .onion address. The new onion address was also claimed to be “currently offline, opening soon.”

Twitter user DarkDotFail was quick to assume that Dream Market and its new “partner company” were in fact honeypots set up by international authorities. The intention of honeypot sites is to track (and eventually prosecute) illegal activities such as selling drugs and other illegal goods on the deepweb.

ALERT: Assume that Dream Market is compromised. Today they announced they are shutting down 30 days from now, in April. Law enforcement ran Hansa as a honeypot for 30 days after seizing it. This feels very similar. #darknet #tor pic.twitter.com/bEsvT6JB6W

— DarkDotFail (@darkdotfail) March 26, 2019

The notice also drew ire from other deep web commentators.

According to deep web research Eileen Ormsby, the notice did not accompany the site owner’s PGP key to which she surmised as “out of the ordinary.”

Exacerbating fears of government infiltration, users were able to withdraw bitcoin for a time but then this inexplicably stopped.

Ms. Ormsby theorized why this could be the case, noting that it was a law enforcement tactic to trace bitcoin transactions to their sources:

That could be a sign of a law enforcement operation trying to follow the bitcoin, the great weakness for the big sellers is when they try to cash out bitcoin.

No alternative to the Dream Market has surfaced yet furthering rumors that authorities have managed to compromise the Tor network as a whole and therefore deep web marketplaces.

There appears to be a trend of law enforcement targeting such marketplaces, such as in July last year with the case of Alphabay, whose owner would later commit suicide.

Do you think that Dream Market is an FBI honeypot? Let us know in the comments!


Images via Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Matthew North

Matthew North

Related Posts

Bitcoin shorters

Bullish Signal: Bitcoin Could Reach $30,000 As BTC Continues To Defy Shorters

1 hour ago
TikTok

TikTok Faces Challenge As Elon Musk Crypto Scams Multiply

2 days ago
Bitcoin

Bitcoin Dominance Returns Above 50% As Altcoins Encounter Resistance

2 days ago
Binance.US

Binance.US Hit Hard: Trading Activity Tanks 98% Amid SEC Squabble

2 days ago
Bitcoin

Get Ready For Bitcoin’s Next Surge: Analyst Believes ‘This Is The Beginning’

3 days ago
Bitcoin

Bitcoin Miners Lead In Clean Energy Adoption, Surpassing 50%

6 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Solana Sees Inflows, Shiba Inu Development to Lead Rally...

    16 mins ago
  • Shibarium, XRP, and Bitcoin Spark are rumored to be in the...

    21 mins ago
  • While THORChain (RUNE) & TRON ($TRX) Rise Steadily...

    21 mins ago
  • Google Bard’s Picks for the Top Three Tokens of 2023...

    51 mins ago
  • Mark Cuban’s $870K Crypto Nightmare: Could This...

    2 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.