TorEscrow, What Happend?
Well, this Basically:
(We held back this report until now for the case it might be back, but considering the fact that the Admin were pretty active on the forums / Reddit, and we have yet to hear from them, it seems pretty unlikely to happen now)
The same story over again, for an traditional escrow marketplace:
1. Build reputation (let me remind that this market was not only a market but also a third party escrow service – so they had shit load of money in escrow, being an escrow service)
2. Grow (also, be very active on reddit / hub)
3. Say you are going to be an invite only market using some “web of trust” sign for users / vendors. (this one is actually unique for this particular market)
4. Get more users
5. Stop Withdrawals
7. Have fun.
*8. Optional – Say you got hacked
Sorry for using the same picture for the millionth time.
How to proceed from here?
Sorry for those who lost money, and hopefully this will not happen again (but it probably will).