Bitcoin-Powered Abacus Market Vanishes Overnight—Investor Funds Gone in Suspected Exit Scam

Another crypto platform bites the dust—this time with a side of irony. Abacus Market, which touted Bitcoin as its backbone, just pulled a midnight runner with user funds.

How it happened: One day operational, the next day ghosted. No warnings, no withdrawal delays—just a digital vaporization of capital that'd make a magician jealous.

The fallout: Traders waking up to zero-balance screens and a Telegram group flooded with (you guessed it) rocket emojis—now hilariously off-mark. Meanwhile, blockchain sleuths trace dust transactions to obscure wallets.

The kicker? This happened mere weeks after Abacus Market's '100% secure, blockchain-verified' treasury audit. Pro tip: When a platform names itself after an ancient calculator, maybe don't trust it with your life savings.

Cynical finance jab: At least traditional banks send a perfunctory email before confiscating your money.

Rise and Fall of Abacus

Abacus launched in 2021 as Alphabet Market before rebranding later that year. Though it served a global user base, it especially targeted the Australian market. The platform sold everything from opioids and psychedelics to prescription drugs and cannabis. It supported both Bitcoin and Monero, making transactions harder to trace.

By 2024, Abacus captured over 70% of the bitcoin darknet market. Its rise came after key rivals like ASAP Market and Incognito shut down. In total, it processed close to $100 million in Bitcoin sales, though the actual volume was likely between $300 million and $400 million due to Monero usage.

Pressure and Collapse

Many Archetyp users switched to Abacus after it was shut down. Abacus’s sales reached a record $6.3 million by June 2025. However, too much attention was drawn to that unexpected expansion. The people in charge of Abacus likely decided to shut it down and vanish when more users and government enforcement began to monitor it.

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