dreadescrow – TOR Scam Report (1)
Onion Link: https://www.dreadescrow.com
Scam Report Date: 2024/10/02
Client Scam Report Breakdown
Original Report Summary:
The scam report submitted by a user on October 2, 2024, highlights a troubling experience involving the delay and suspected fraud in the handling of funds on a marketplace platform. According to the report, the user initiated a transaction on September 20, 2024, involving a Bitcoin withdrawal amounting to $470. Despite the platform’s stated policy that transactions are processed within two days, the user has not received their funds, even after a span of nearly two weeks. The frustration is evident in the user’s accusation of theft, citing a lack of response from the platform’s customer support and referring to existing negative reviews that suggest this is a recurring issue. The lack of transparency and communication has led the user to claim that the platform is deliberately withholding funds.
Key terms and elements of the transaction need to be defined to understand the full context of the scam. “Bitcoin” is a decentralized cryptocurrency often used in online transactions, particularly on dark web platforms, due to its anonymity and lack of regulatory oversight. The user’s “Transaction Log” provides details of the attempt to withdraw Bitcoin (amounting to $470), but only a balance of $4.42 remains, indicating that the platform had already taken a significant commission or fee. The “SL Transaction ID” listed in the log, which is unique to each transaction, is supposed to track and record the transaction status. However, in this case, the user reports no movement on the transaction despite following all necessary steps, thus contributing to the belief that the platform is a scam. The mention of the term “withdraw” in this context refers to the process of transferring cryptocurrency from the platform to the user’s personal wallet or account, which typically takes a few days but has been significantly delayed here.
In analyzing the report further, it becomes clear that there are broader systemic issues at play. The user initially deposited €310 on the site to purchase a product from a seller who did not fulfill the order, prompting the user to stop further dealings. However, when the user attempted to withdraw their funds, the platform required them to increase their balance to over €500 to initiate the process. This is a common scam tactic where platforms impose additional fees or requirements before allowing withdrawals, making it more difficult for users to retrieve their funds. The user complied by adding the difference, resulting in a final balance of €470 after fees, yet the platform still failed to process the withdrawal. The user’s frustration stems from the platform’s lack of response to emails and failure to honor its two-day processing window, leading them to conclude that the platform is fraudulent. The report indicates a pattern of behavior where the platform deliberately delays transactions to defraud users, which is a common hallmark of online financial scams.
Terminology and Process Definition
Bitcoin: A decentralized digital currency that allows peer-to-peer transactions without the need for intermediaries, such as banks. It’s often used on platforms that promote anonymity.
Transaction Log: A record of actions associated with the transaction, including dates, amounts, and statuses, which should provide transparency but, in this case, raises concerns about manipulation.
Withdraw: The process of moving funds (Bitcoin, in this case) from the platform to a user’s personal wallet or account. The platform failed to honor this process within the promised timeframe.
In conclusion, the scam report illustrates a classic example of a fraudulent marketplace using misleading transaction processes to steal users’ money. The deceptive practice of requiring users to increase their balance before withdrawing funds, coupled with non-responsive customer service and delayed transactions, reflects a sophisticated scheme designed to exploit users and steal their assets. The user’s frustration is justified, and their experience serves as a warning to others, emphasizing the importance of conducting thorough research and heeding negative reviews before engaging with such platforms.
