Abacus Market, a major Western darknet marketplace supporting Bitcoin transactions, has abruptly shut down amid suspicions of an exit scam or law enforcement intervention. The platform had experienced rapid growth and facilitated nearly $300 million in transactions, but its sudden closure raises concerns about user trust and criminal activity. #AbacusMarket #DarknetMarketplace #ExitScam #TRMLabs #Bitcoin #Monero
Keypoints
- Abacus Market was the largest Western darknet marketplace supporting Bitcoin payments.
- The platform’s sudden shutdown is suspected to be an exit scam or law enforcement action.
- Abacus had grown significantly, reaching a 70% market share in 2024 with nearly $300 million in transactions.
- Most transactions involved Monero, making tracking total sales challenging but estimated to be around $300 million.
- Community members believe the closure was an exit scam due to withdrawal delays and infrastructure disappearance.