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Cypher Market, established in February 2020, is a darknet market that operates without a wallet-based escrow system and supports both Bitcoin and Monero. Instead of using centralized on-site wallets to store funds, it employs single-use addresses for each order. When an order is completed, the funds are sent directly to the vendor’s payout address. This approach reduces the risk of an attack or exit scam since there is no large, consolidated pool of user funds that could be taken or seized.