Darknet users rely on Bitcoin for the vast majority of their transactions. Staying anonymous, even while using cryptocurrency, is very difficult, though. Users are always advised to tumble their coins, erasing any digital breadcrumbs related to their Bitcoin activities. But some darknet-related sites are linking to Bitcoin tumblers intent on stealing your money.
Using tumbling or coin mixing services is always risky for Bitcoin users. These services hinge on trusting an unknown third party to forward funds to a specified address. Since Bitcoin is a trustless ecosystem by default, this seems like a very strange way to go about spending cryptocurrency.
But when it comes to using the darknet, tumbling is becoming somewhat of a necessity. Erasing any trail of where coins come from or go to is important to maintain anonymity. Unfortunately, not all tumbling services can be trusted. The top result for Bitcoin tumbling on Google is promoting a lot of money-stealing platforms, for some unknown reason.
Beware Of Malicious Bitcoin Tumblers
This top result shows up as DarknetMarkets.org, a site designed dot offer information about the deep web. However, it looks like the operator has a nefarious purpose. By linking various tumbling scams, it appears the operator is seeking to steal people’s Bitcoins. Cryptocurrency has become a high-profile target for scammers and criminals in recent years due to its increasing value.
For the time being, it remains unclear what is going on exactly. Top results on the Google search engine can be purchased with money, and this may be one of those sponsored results. Unfortunately, sponsored search engine results have been riddled with Bitcoin scam sites over the past two years.
Mainly the fake Helix Light Bitcoin tumbler seems to be stealing user funds so far. Various Reddit reports have surfaced related to this service and how users lost funds. The service is not returning the money to the recipient addresses, and there is no customer support to speak of. However, the official Helix Light tumbler seems to work just fine, although one should never trust other people’s word for it.
Relying on third-party services and information is never the best course of action when it comes to keeping money safe. Even though Bitcoin is often used for nefarious purposes on the darknet, these users do not deserve to get scammed either. Legitimate Bitcoin tumblers exist, but it takes some research to find them.
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