Cannazon, a prominent online marketplace for marijuana and related items, is shutting down voluntarily.
Cannazon administrators announced on the market’s webpage that users will be able to access the market until the 28th of this month in a retirement letter. The news comes after a period of prolonged disruption caused by a large-scale denial-of-service attack.
The message can be found below. The signed version, as well as the marketplace’s PGP key, may be found at the bottom of this post. It appears that the communication is genuine:
TL;DR: We are retiring. No exit scam. All orders finalized. All vendors got their money.
Everyone knew that this day would come. No market will be here forever. We are officially retiring.
Most important things first:Since our first days it was pretty clear for us that we will never do an exit scam like some other markets. We prepared a strategy to minimize the risk of vendors exit scamming and buyers loosing money.The massive DDOS attack was a very good chance to lower the number of orders and we decided to keep the market partially offline afterwards. This is the reason why the market was not reachable and not fully functional in the last days. By this, we could ensure that the number of orders was minimized and all paid orders were shipped.
We are very sorry that we had to keep you in the dark for the last days. In our opinion this was the best way to prevent some vendors from trying to exit scam, harming you and the community.
All open orders have been finalized now, disputes have been settled and refunded eventually. All vendors are able to withdraw their money. If your most recent order is delayed, you can still contact your vendor on the market regarding this. Important: If some vendor did not manage to get all his signed Bitcoin multisig transactions, he can get them from an encrypted message which will be published on Dread later this week. The market will be accessible at least until November 28th.
- From the first day we tried to offer our buyers and vendors a better experience than other markets. According to the feedback we have received over time, we did quite a good job.
However, the best job did someone else: You, our community, all the vendors and buyers.
You support us since the beginning and put your trust in our platform.
We would like to thank you for that. We hope that everyone of you finds some good alternative for buying or selling cannabis products. Moreover, we hope that other markets will follow this path and consider retiring gracefully.
Please stay safe and thanks again for everything.
Your Cannazon Team