Darknet market link provider claims its Bitcoin donors’ accounts were frozen


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The administrator of dark.fail, an internet site offering verified hyperlinks to darknet markets, claims that exchanges are unfairly closing accounts donating Bitcoin to the service after implementing a Chainalysis transaction flagging system.

The admin alleged in a tweet that two donors of Bitcoin to the web site had their accounts blocked by exchanges that just lately applied Chainalysis’ new KYT — or Know Your Transaction — blockchain monitoring service.

The admin believes there’s a connection between the account closures and its staunch and vocal criticism of Chainalysis, nonetheless the accounts might merely have been flagged routinely resulting from hyperlinks to the darknet. Whereas the positioning might be seen as a gateway to the darknet, darkish.fail’s Twitter bio classifies the account as an: “Nameless journalist researching Tor: the uncensored web.”

Darkish.fail is a protracted standing critic of Chainalysis KYT flagging accounts as suspicious with no avenue for attraction. In Jan. 2020, the admin accused the blockchain analytics firm of enabling the “theft” of buyer funds that had been marked as suspicious by hidden KYT processes.

One among darkish.fail’s BTC donation addresses, listed on the web site dwelling web page just lately as Dec. 2, 2020, incorporates almost 40 transactions. The BTC donation possibility has since been faraway from the web site, which now solely accepts contributions within the type of privateness coin Monero.

Chainalysis describes KYT as “an automatic, real-time cryptocurrency transaction monitoring and compliance answer” which is used to detect patterns indicating “dangerous exercise.” It’s at the moment utilized by over 150 firms in 40 completely different nations. Chainalysis has additionally assisted government-led investigations prior to now, serving to to break up a notorious ransomware network final month.

Whereas darkish.fail’s standing as an “nameless journalist” is debatable, the report comes amid an environment the place journalist practices can be labeled as criminal activities. On Monday, a letter signed by the ACLU and different civil proper protection teams known as for the U.S. Division of Justice to drop costs towards WikiLeaks founder Julian Assange, likening his indictment to “a grave risk to press freedom.”

In Might 2019, one of many oldest websites about darknet related subjects, DeepDotWeb, was seized by legislation enforcement after its directors have been arrested on cash laundering conspiracy costs. The 2 admins are suspected of taking thousands and thousands in cryptocurrency kickbacks from darknet markets listed on their web site.

In response to stats supplied by alexa.com, darkish.fail is among the hottest darknet market hyperlink suppliers on the web, ranked #52,345 globally by way of web site visitors.

Cointelegraph has contacted Chainalysis for remark and can replace this story with their response.