Abacus Market Don Disappear for Suspected $6M Bitcoin Exit Scam

Abacus Market, di biggest Bitcoin-enabled darknet marketplace, suddenly commot from online for early July. Dem no release any seizure notice, e make people dey suspect say na exit scam. Users talk say their Bitcoin withdrawal no come succeed for late June and daily deposits drop from $230,000 to $13,000. Dem start as Alphabet Market for 2021, then dem change name later that year and dem dey target traders from West and Australia. By June, dem carry over 70% of Western darknet market with $6.3 million monthly turnover. This suspected exit scam don make people dey fear for the safety of money for centralized darknet hubs. The scam claim also make traders no too trust darknet places. Traders dey move go decentralized platforms like Dread and dem dey like multi-signature escrow plus on-chain settlements. Short-term, volatility for BTC and XMR fit increase. Regulators fit put more eye for the matter. Long-term, transparent custody solution and better enforcement tools fit change how market dey stable.