Markets: Oasis

Oasis Market was launched sometime in either January or February of 2016 and exit-scammed in late September during the same year. It was a donation-only marketplace that did not charge a bond for sellers, and both buyers and sellers paid no order-related fees whatsoever. It provided users the ability to conduct transactions using Bitcoin and Monero, and offered Multi-Signature escrow along with standard escrow. Oasis was one of the first dark-net markets to implement a payment option for Monero, if not the very first.

It was estimated that the marketplace held 150 BTC, valued at approximately $91,000 thousands dollars during the time, and an unknown amount of Monero when it permanently went offline.

It has been claimed by some that the market did not exit-scam, but instead, all users’ funds were stolen by a hacker. These claims hold little merit as there is no substantial evidence to suggest this, though withdraws were not disabled prior to its’ closure unlike other markets that exit-scammed. Either way, the theft of its’ users funds caused speculation that Monero might not be suitable for use on dark-net markets, considering that Monero is much harder to track, and that there is at least a small chance that thieves could be found when using Bitcoin due to block chain analysis.