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Well... That's All Folks! : Versus | Torhoo darknet markets

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Dear Community, 

There is no doubt that there has been a lot of concern and uncertainty regarding Versus in the last few days. Most of you that have come to know us have rightfully assumed that our silence has been spent working behind the scenes to evaluate the reality of the proposed vulnerability. After an in-depth assessment, we did identify a vulnerability which allowed read-only access to a 6+ month old copy of the database as well as a potential ip leak of a single server we used for less than 30 days. We take any and every vulnerability extremely seriously but we do think that its important to contend a number of the claims that were made about us. Specifically of importance: there was no server pwn and users/vendors have nothing to worry about as long as standard and basic opsec practices have been utilized (for example, PGP encryption) 
In many ways, we are glad to see the community coming together to improve everyone's security, this was our dream from the beginning with Versus, though we will say that there was a clear agenda behind the way this was originally handled, but we leave you to draw your own conclusions
Once we identified the vulnerability, we were posed with a fork in the road, to rebuild and come back stronger (as we had done before) or to gracefully retire. After much consideration, we have decided on the latter. We built Versus from scratch and ran for 3 years. We built a community and even became the #1 DNM when we never intended for that to be the goal. At a certain point, there is no further way up to go, only down, and in this business it is best to not make decisions out of pride. While we are not ending on the note that we would have liked, we hope that the truth about the actual scope of the vulnerability, combined with the impact we have had on the community, leaves users remembering Versus fondly for years to come. Versus Market has officially retired and we thank you for your support and being part of something that hopefully defined the future of DNM's. 

For all our vendor:
We will soon publish a link where you guys can get your transactions without the locktime. No need to wait 90 days. 
It was a good run and I would like to thank you all. 

All the best, 
William Gibson

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/u/PelicanVendor Moderator
1 points
2 months ago
Approved
/u/harunalrashid
1 points
2 months ago
Interesting anaylsis. The EU is implementing DAC8 and CARF is coming into force as well... essentially we will see crypto exchanges implement information sharing similar to banks - the well known FATCA and CRS comes to mind.

How do you make sure that your coins exchanged on an atomic swap aren't tainted? I assume that a bit of legitimacy is needed on the exchanger side.
/u/Yugong 📢 P
1 points
2 months ago
Actually not analysis more everything written on the topic are very well known things in the industry.

You can't guarantee non tainted coins and with atomic swaps you've got high chance to get tainted coins as such mostly caters to people who want to launder dirty coins. Same with DEX or other P2P trading. The person holding the bag is mostly the one who exchanges it at CEX. However some vendors make a living off proving you got tainted coins by accident and essentially making you get away with it (works with smaller numbers to prove innocence).

Exchanging Monero to other coins is a bit more of a special case as if done on regulated big or small exchange almost guaranteed you'll get clean coins as they do KYT with AMLbot on all incoming and their liquidity comes from biggest exchanges or mining pools (both low AML percentages).
/u/niggerFPO
1 points
1 month ago
this is very interesting, saved to read later.
/u/Daboupa
1 points
1 week ago
A few questions here :

8) Mixer
Coins that passed through a mixer to make tracking difficult or impossible. Mixers are mainly used for money laundering.

9) Ransom
Coins obtained through extortion or blackmail.

11) Scam
Coins that were obtained by deception.

12) Stolen Coins
Coins obtained by hijacking someone else's cryptocurrency.

For ransom, scam and stolen coins, I assume the coins will be high risk ONLY if someone files a complaint about coins having been stolen etc, right ?

About mixer : if you have coins through a mixer and then sent to a cold wallet, and from that cold wallet to a DEX, does this make coins less AML sensitive ?

How about passing the coins through Trocador into Monero in a feather wallet, and then swap back ? Would that be the safe way ?

Thank you for your input!
/u/Yugong 📢 P
1 points
1 week ago
Only if complaint is filed yes.

A question of the software tracking them but in essence since other parties are receiving the coins, you should inherit the DEX risk level of the coins.

Trocador will stop your coins if they flag too high with AML risk. Read their terms and conditions carefully and reviews.