Abacus Market, one of the largest Bitcoin-driven Darknet -Basarer In the West has gone offline without warning. According to TRM Labs, all the Clearnet mirror, website and wallets disappeared at once.
Users first reported problems with withdrawing funds at the end of June. Then the deposits fell from about $ 230,000 per day in early June to only $ 13,000 daily between June 28 and July 10. Now many believe that the operators simply grabbed the cash and disappeared.
Market areas suddenly shutdown
Based on reports From TRM Labs, Abacus Administrator – known as “Vito” – a wave of new users and a Ddos attack When withdrawals began to fail. But users rushed to pull their money anyway.
That deposit case was a clear sign something was wrong. When a website handles more than $ 6.3 million in one month after Archetype Market June 16 closingIt will surely draw unwanted eyes.
Vito, the Abacus administrator, assured users that the withdrawal problems will not be that long. Source: TRM Labs
Volume nail attracted attention
According to TRM Labs, Abacus saw its highest monthly sale ever in June. Archetyp’s suspension sent buyers crawling, and Abacu’s share of the Bitcoin supporting western dark market shot over 70% after the case of the ASAP market in July last year and the Incognito market seizure in March 2024.
Over four years sold the website almost $ 100 million in Bitcoin. But since much of its trade used Monero – a privacy coin – the current volume can be between $ 300 million and $ 400 million.
BTCUSD trading at $117,067 on the 24-hour chart: TradingView
Customers flee when trust erodes
Based on user reports, many traders became nervous when outlet hiccup began. Vito’s message did not calm fear. Instead, more people pulled out their funds and continued.
Darknet -Markets tend to lose users at the first sign of trouble. When confidence is gone, the deposits dry quickly. In Abacu’s case, that change was a decrease of almost 95% in daily inflows for two weeks.
Lots of weird things happen on the darknet. Image: Stratix Systems
The future of Darknet -Markets
According to TRM Labs, operators who reach the top often become law enforcement goals. Some administrators choose to leave the money rather than receive arrest.
Previous examples include Evolution Market’s Exit Scam and the silently closed Agora market. It is also possible for the authorities to arrest Abacus and keep it quiet while they track buyers and sellers. But insiders on the Dread Discussion Forum doubt that theory for now.
At the moment, traders and suppliers must treat every Darknet website as temporary. Based on the latest shutdown, it is clear that even markets with millions in monthly volume can disappear overnight.
Image from the SSL store, chart from TradingView
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