Another Bitcoin robbery: Evolution drug market closes, taking $11.7 million

At this point, people who use Bitcoin have to know that their money could simply disappear at any moment, right?

The latest example is Evolution, the largest black market website left standing after the Silk Road was taken down by authorities on multiple occasions, whose owners appear to have shut down the service and run off with more than $ 11.7 million in Bitcoin, Ars Technica reported yesterday.

Former users of the Evolution marketplace are pointing at a Bitcoin wallet that was active earlier this week and holds more than 43,000 Bitcoins, according to Reddit posts quoted at Ars Technica.

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Network World Colin Neagle