Bitcoin-powered Abacus Market Suspected Exit Scam

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Abacus Market, the largest Bitcoin-powered Western darknet marketplace, has gone offline in an apparent exit scam. 

Its website and infrastructure, including its clearnet mirror, are inaccessible, TRM Labs said in a report on Monday. The disappearance has led TRM to believe the “operators have likely conducted an exit scam, shutting down operations and disappearing with users’ funds.” 

TRM Labs said the closure could be the result of attention from law enforcement, as Abacus Market clocked a monthly record after the closure of Archetyp Market,



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Bitcoin-powered Abacus Market Suspected Exit Scam


Abacus Market, the largest Bitcoin-powered Western darknet marketplace, has gone offline in an apparent exit scam. 

Its website and infrastructure, including its clearnet mirror, are inaccessible, TRM Labs said in a report on Monday. The disappearance has led TRM to believe the “operators have likely conducted an exit scam, shutting down operations and disappearing with users’ funds.” 

TRM Labs said the closure could be the result of attention from law enforcement, as Abacus Market clocked a monthly record after the closure of Archetyp Market,



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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