Atlantis tried to position itself as the slicker, superior cousin of Silk Road.
Atlantis, a black market website and competitor to Silk Road, announced its closure on Friday, citing “security reasons outside [its] control.” The site urged users to withdraw their Bitcoins and Litecoins from their accounts, as they “will not be recoverable a week from now.” Atlantis Market launched in March of this year and released a flashy YouTube campaign in mid-summer.
The site claimed to be like Silk Road with a better user experience, “cheaper rates,” and more security features.
The site went through some downtime in its short period of existence, mainly in the last few weeks.
According to Daily Dot, it was accused of being both a poor Silk Road imitation and a honeypot for police.