Abraxas Darknet Market Resurfaces: Entity Moves $144M in Bitcoin, Sparking Speculation

August 23, 2023.

According to ZachXBT, an entity has transferred around 4,800 BTC ($144M) from the dormant Abraxas darknet market, notorious for its illicit trade activities before exit-scamming in November 2015. This revelation has sparked speculation and raised questions about the sudden movement of funds from a market long considered inactive. The entity not only consolidated funds but also utilized a bitcoin mixer, adding layers of complexity to the transaction. The Abraxas market, known for facilitating trades involving narcotics, hacking services, and counterfeit items, reappearing in the crypto landscape adds a mysterious dimension to the evolving narrative.

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