Atlantis (market)

Atlantis was a darknet market founded in March 2013,[1] the third such type of market, concurrent with The Silk Road and Black Market Reloaded. It was the first market to accept Litecoin.[3]

Atlantis
Type of site
Darknet market
Available inEnglish
URLatlantisrky4es5q.onion(defunct)[1][2]
CommercialYes
RegistrationRequired
LaunchedMarch 2013
Current statusOffline

Shortly after launch, Atlantis deployed an aggressive marketing campaign to compete with Silkroad. To entice customers to switch allegiance, Atlantis focused its strategy on "usability, security, cheaper rates (for vendor accounts and commission), website speed, customer support, and feedback implementation".[4] In June 2013 its startup style video attracted much media attention.[2][5] The video advertised Atlantis as the "world's best anonymous online drug marketplace" and outlined offered features missing in its competitors.[6] After this campaign, one of the site's co-founder announced that they secured more than $1 million in sales.[6]

Shortly after Operation Onymous, the market closed with one week's notice in September 2013.[7] Like other markets such as Black Flag, Atlantis' owner closed the site out of fear of arrest.[8] During the trial of Ross Ulbricht, it was revealed that Mr. Ulbricht had kept a journal, with one of its final entries stating, "Atlantis shut down. I was messaged by one of their team who said they shut down because of an FBI doc leaked to them detailing vulnerabilities in Tor." [9] There are sources, including the site's staff, who believe that the closing was outright theft,[10] with the owners stealing its users' bitcoins.[8]

References
  1. "Black-market risks". gwern.net. Retrieved 13 June 2015.
  2. https://motherboard.vice.com/en_us/article/d77ney/the-deep-webs-newest-drug-mecca-is-the-facebook-of-virtual-black-markets
  3. Blazenhoff, Rusty (27 June 2013). "Atlantis, A Virtual Black Market For Illegal Goods & Services". Retrieved 14 June 2015.
  4. Bartlett, Jamie (2015-06-02). The Dark Net: Inside the Digital Underworld. Melville House. ISBN 9781612194905.
  5. Howell O'Neill, Patrick (20 September 2013). "Online black market Atlantis abruptly shuts down". Retrieved 13 June 2015.
  6. Martin, J. (2014). Drugs on the Dark Net: How Cryptomarkets are Transforming the Global Trade in Illicit Drugs. Hampshire: Palgrave Pivot. p. 34. ISBN 9781349485666.
  7. Biggs, John (21 September 2013). "Atlantis, The Flashy Silk Road Alternative, Shuts Down". Retrieved 13 June 2015.
  8. Martin, Will (2014). Black Market Cryptocurrencies: The rise of bitcoin alternatives that offer true anonymity. Will Martin. p. 29. ISBN 9781500195618.
  9. Greenberg, Andy (2015-01-23). "Here's the Secret Silk Road Journal From the Laptop of Ross Ulbricht". Wired. ISSN 1059-1028. Retrieved 2020-03-23.
  10. Ormsby, Eileen (26 September 2013). "The Fall of Atlantis – a Moderator tells". Retrieved 14 June 2015.



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