Share this article

Dark Market Evolution Vanishes With $12 Million in Bitcoin

Updated Sep 11, 2021, 11:36 a.m. Published Mar 18, 2015, 1:27 p.m.

Notorious dark web marketplace Evolution has vanished amid reports that its administrators have absconded with more than $12m in bitcoin.

Accessible only via the Tor network, the market had become the go-to online drug bazaar following the shut down of Silk Road and Operation Onymous, a pan-agency crackdown on illicit markets that seized over 400 domains in November.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Members of the darkweb community expressed concerns about Evolution's moderators – operating under the handles 'Kimble' and 'Verto' – who were delayed responding to and processing withdrawal requests.

Reddit's Evolution discussion page was also awash with claims that the site's administrators had blamed the delays on a backlog of withdrawals, reassuring worried vendors that the issue would be resolved within 24 hours.

However, the Evolution marketplace and its user discussion forum went offline shortly after, indicating the possibility that the administrators had taken the money and dissapeared.

Reddit user NSWGreat, who previously claimed to handle the site's public relations, said: "Evolution can officially be put on the Wall of Shame. Verto and Kimble have [expletive] us all."

More For You

State of the Blockchain 2025

State of the Blockchain 16:9

L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.

What to know:

2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.

This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.

More For You

Bitcoin will be 'top performer' in 2026 after getting crushed this year, says VanEck

Gold Bars

VanEck's David Schassler expects gold and bitcoin to rebound sharply as investor demand for hard assets is expected to rise.

What to know:

  • Bitcoin has underperformed compared to gold and the Nasdaq 100 this year, but a VanEck manager predicts a strong comeback in 2026.
  • David Schassler, the firm's head of multi-asset solutions, expects gold's surge to continue to $5,000 next year as fiscal "debasement" accelerates.
  • Bitcoin will likely follow gold’s breakout, driven by returning liquidity and long-term demand for scarce assets.