Dark web marketplace Agora has announced it will shut down temporarily while it explores defense mechanisms against potential attacks.
The marketplace attributed its decision to recent research that highlighted vulnerabilities in the Tor protocol that could lead to the identification of its servers and operators.
Agora is believed to be the largest dark market website by daily transaction volume, and uses bitcoin to facilitate payment for both legal and illicit items listed by vendors.
In its online announcement, Agora's anonymous administrators reported they had moved servers following the detection of "suspicious activity" that could potentially reveal their IP addresses and enable law enforcement agents to gain insight into its operations.
The announcement read:
"At this point, while we don't have a solution ready it would be unsafe to keep our users using the service, since they would be in jeopardy."
It continued: "Thus, and to our great sadness we have to take the market offline for a while, until we can develop a better solution. This is the best course of action for everyone involved."
The administrators urged customers to withdraw funds from their accounts as soon as possible. Consumers were also asked to refrain from sending bitcoin to Agora's deposit addresses while it was offline.
Agora's predecessor Silk Road was taken down by the Federal Bureau of Investigation in 2013 and Ross Ulbricht – it's operator – was sentenced to life in prison earlier this year.
Closed image via Shutterstock.
AgoraCrimeDark WebTor Network
Jiang Zhuoer: BTC.Top Will Support the Camp Favored by a Majority of Hash Power in the Bitcoin Cash Hash War
Jiang Zhuo’er and his BTC.TOP , a major Chinese mining pool, will not take side in the upcoming Bitcoin Cash’s hash war between two competing camps, Bitcoin ABC and Bitcoin SV. Zhuo’er shared h
F2Pool Will Support the Mining of BCHABC and BCHSV after Bitcoin Cash Hard Fork
F2Pool, the sixth largest bitcoin mining pool in the world, announced on Tuesday that it will allow miners to mine both coins generated from the upcoming Bitcoin Cash hard fork after the chain split
IBM Says Blockchain Can Power 'Open Scientific Research' in New Patent Filing
A patent application published Thursday claims the process of conducting scientific research can benefit from the blockchain.
Led by a team at IBM's Watson Research Center, the patent application p
CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud
The U.S. Commodity Futures Trading Commission (CFTC) has jailed a bitcoin trader and fined him over $1 million for running a fraudulent bitcoin and litecoin scheme.
According to a press release iss
Japanese Firms Claim Success in Marine Insurance Blockchain Trial
One of Japan's largest insurance companies, Tokio Marine & Nichido Fire Insurance, and IT firm NTT DATA have completed a trial that put the paperwork for marine cargo insurance claims on a blockchain.
Accenture Puts Software License Management on a Blockchain Platform
Global professional services giant Accenture has rolled out a new software license management application built with tech from distributed ledger startup Digital Asset.
Accenture announced in a pre
Singapore's Central Bank, SGX Develop Blockchain Settlement System
The Monetary Authority of Singapore (MAS) and the country's stock exchange, Singapore Exchange (SGX), have developed a settlement system for tokenized assets that can work across different blockchains
Colorado Regulators Crack Down on Four More ICOs
Colorado regulators took action against four ICOs Thursday, bringing the state's total number of cease-and-desist orders against crypto startups to 12.
The state's "ICO Task Force" rebuked Bitcoin