The popular dark web trading site Dream Market has been reportedly having issues with its escrow account system, which is subsequently preventing some users from accessing and withdrawing their funds.
The issue is said to have resulted from a hardware malfunction.
Confirming this predicament, one user claimed he received the following message while attempting to complete a transaction: “This vendor isn’t allowed to finalize early.”
Surprisingly, he is not the only victim in this unfolding, since a host of other users has raised their concerns on Reddit citing similar difficulties.
What’s more, there are some saying that this issue is not new; in fact, it began a few months back.
They believe that this concern is not as much about early finalizing as is now the common perception—users have been attempting to withdraw money from their individual escrow accounts on time but Dream Market will still not allow them to do so.
Following these ongoing problems, the marketplace’s admins have restated by maintaining that there is a limit to the total funds which they can release to users.
Given the admins’ delayed response, some users are already questioning the real intentions of the dark web marketplace.
The story is similar for all the affected users. In truth, some claim that those running Dream Market might as well be typical scammers, even going further to caution potential customers from depositing their funds on the site.
The frustration is widespread indeed. One client, for instance, claimed that while he attempted to dispute an order to reacquire his funds, the dispute button—normally present—was unavailable in this instance.
This resulted in the auto-finalization of the order in as little as 14 days. In his final comments written on Reddit, he expressed his lack of understanding on exactly what was unfolding.
Word around town is that Dream Market is, in fact, orchestrating an exclusive exit scam. Speculation was particularly rampant after the site experienced an outage earlier, lasting only a few hours.
During this time, many users worried the market had been seized by law enforcement.
But this was before the escrow payment system was reported to be non-functional.
Now, according to the market’s subreddit homepage, users are leaning more toward believing Dream Market’s admins are orchestrating an exit scam.
And what’s even more shocking is that Dream has allegedly confirmed to some of the account holders that despite sanctioning their exclusive FE rights, all dealings over 0.6 BTC would need to get approval by admins.
For these users, it sounds rather unreasonable for the site’s support team to be involved in every private transaction done over 0.6 BTC, which translates to around $300.
Nonetheless, this appears to be a recurrent issue since a few months back when other account holders also raised a similar concern on Reddit.
These displeased holders are urging all account holders to immediately withdraw all their Bitcoin funds from their respective accounts. According to them, the faster they do it, the better and safer it is for them.
This hardware crash is apparently sparing no one, with both big and small vendors suffering the same predicament. Astoundingly, even holders with a 4.95/5 overall rating are also in the mix.
This, however, goes to dispel the idea that the only casualties are the low-rated accounts.
As is now commonly perceived, the notion that Dream is purportedly delaying the release of funds (escrow coins) to users in order to pull a typical exit scam seems to have settled well with many of the traders.
In the end, traders can only wait to see what unfolds.
But in reality, it would be difficult for Dream Market to pull off the ‘so-called’ exit scam, the reason being that they are not large enough to amass sufficient Bitcoin funds that will make it worthwhile.