Aurora's Exit Scam

@Pygmalion - May 4 2021

Views: 1415   Stars: 35

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Aurora Market was a fairly new project that was only launchend in November 2020, close after the exit scam of Deep Sea Market. It emerged at the same time as many other markets, but managed to gain some traction quickly.
That was due to a large investment by a vendor who became Aurora's admin NortherLights. A lot of money was spent on an advertizing campaign, about 35,000 USD. Due to their advertizing and good connections, they managed to draw many influential vendors to their market quickly. One notable example is Cartex, a now retired big THC cart vendor, who moved his customer base to Aurora. We, the Pygmalion Syndicate whose admin I am fortunate to be, also started vending on Aurora fairly early. We can report that Northernlight was very forthcoming and helped us integrate our listing on the market. That made us like their market very quickly. Good service is everything and implementing listings to a new market is always a huge time investment, which they gladly took upon themselves to attract vendors.

That was a solid vouch and from then on, Dread users quickly were drawn there.
As a result, they did not have to wait too long for attention. Normally Dread's co-admin Paris does not approve market ads until markets are at least three months old and have a reasonable number of vendors. An exception was made for Aurora. Additional vouches helped too. Ugu, the admin of Kilos (a hosting and information service), supported them with ads on his service.

Aurora Market also got indexed on link directories like dark.fail and Darknetlive. Aurora Market started gaining 1000 registrations daily and at the time of closing market has more than 700 vendors and 50 thousand total number of registered users.

Aurora Market current situation:

A week ago, some users and vendors started panicking for the withdrawals and claiming that they can’t withdraw from the market. Generally, when a market blocks withdrawals market users, specially vendors start preparing themselves for the worst. Initially, Aurora Market staff removed such posts from Dread and asked the users to contact on the market by creating a ticket. NorthernLight responded to all tickets to stop users from losing hope. While in the background, site admin was panicking as site techmin, one who coded the market and one who was in control of servers and coins, did not come online for straight 96 hours. At this time, the situation was clear, techmin is exitscamming and he has blocked all further withdrawals while deposits are working.

Aurora Market current situation:

A week ago, some users and vendors started panicking for the withdrawals and claiming that they can’t withdraw from the market. Generally, when a market blocks withdrawals market users, specially vendors start preparing themselves for the worst. Initially, Aurora Market staff removed such posts from Dread and asked the users to contact on the market by creating a ticket. Site admin attended all tickets to stop users from losing hope. While in the background, site admin was panicking as site techmin, one who coded the market and one who was in control of servers and coins, did not come online for straight 96 hours. At this time, the situation was clear, Polarlight, the technical admin, exit scammed and blocked all further withdrawals while deposits were still working.

What really went wrong:

As many of users do not know, Aurora Market has two admins. Northenlight, who is the investor and co-admin, without any actual control on the market servers and wallets. Polarlight, is the main guy and he was always in control of server and wallets. It can be assumed that Polarlight has exitscammed, as he does not want to share 50% from the market profits. Furthermore, Polarlight might launch his own independent marketplace, where he will not worry about sharing profits to a partner. Polarlight ran away with an estimate of 250K while the investing partner lost his 35K he used for advertisements.

What can Darknet learn from this incident:

Do not move more coins on your market wallet than you can afford losing. One user claimed to have lost about 38 XMR that he wanted to invest. That may even have triggered the exit scam.
Darknet services should not be trusted with your money. Many vendors have been around much longer than any market. Build a good relationship with a vendor and stick to them in direct deals or with multisig transactions, but don't send them more money than you can afford losing either.

For the investor the lesson is: If you don't actually hold any private keys, then you don't own anything, no matter how much mone you invested.
We hope everyone is fine and that this scam will serve to educate the fellow users to make wiser decisions with their money in the future.
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I am Pygmalion, a small psychedelics vendor.

You may reach me via email at pygmalion@infantile.us.
Please register your own E-Mail address for darknet purposes at http://oq7t5ihk4qew5t5s4zghicigokh2ktt575amirsbnilmyawpme6xmyyd.onion



Cheers

Comments

Barky (5 stars):
" Many vendors have been around much longer than any market. Build a good relationship with a vendor and stick to them in direct deals " Yep but not every vendor is honest or even real. Too many black sheep and scammer to blindly trust and I prefer to pay more when going through a market but having some kind of security in return.
MDMA (5 stars):
Nice post. Good journalism.
BM PLC (5 stars):
damn small minded fucker 38XMR triggered the exit scam broke ass admin, were at the point now were vendors have more money than admin. he'll be back on another market soon as that bitch cleans him out weak minded people cant see the potential i a successfull market. BM PLC Black Magic Plc find us on Dark Fox - Vice City sitmulants for aristrocats
loki (5 stars):
who's next?
Defcon (5 stars):
Another one gone. RIP. Nice journalism.
nignog (5 stars):
#ripaurora
Northernlight (5 stars):
its pretty close to the what went down

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