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Darknet market hyperlink supplier claims its Bitcoin donors’ accounts have been frozen

02/10/2021

The admin of a widely known darknet market hyperlink supplier claims its donation handle was flagged as suspicious after it criticized Chainalysis’ KYT flagging system.

The administrator of darkish.fail, a web 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 carried out 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, nevertheless the accounts could merely have been flagged mechanically on account of hyperlinks to the darknet. Whereas the location might be considered 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 residence web page just lately as Dec. 2, 2020, comprises 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 resolution” which is used to detect patterns indicating “dangerous exercise.” It’s presently utilized by over 150 corporations in 40 completely different nations. Chainalysis has additionally assisted government-led investigations previously, serving to to interrupt up a infamous ransomware community final month.

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

In Could 2019, one of many oldest web sites about darknet associated topics, DeepDotWeb, was seized by legislation enforcement after its directors have been arrested on cash laundering conspiracy prices. The 2 admins are suspected of taking tens of millions in cryptocurrency kickbacks from darknet markets listed on their web site.

In keeping with stats supplied by alexa.com, darkish.fail is likely one of 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.