The Bitcoin
According to a July 14 report by TRM Labs, the site, its backup portal, and all related servers have been taken down. Investigators noted that the operators likely shut everything down and left with user funds.
The closure comes after Abacus Market saw a surge in activity. When Archetyp Market was taken down in mid-June, many of its buyers and sellers moved to Abacus Market.
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At the end of June, customers began reporting that they were unable to withdraw their money. The site’s administrator, known as “Vito”, told users this was due to too many new accounts and a denial-of-service attack.
Despite these claims, deposits to the marketplace began to fall, from around $230,000 a day in June to just $13,000 a day by July. TRM Labs noted that these patterns, withdrawal delays, user panic, and plummeting deposits, have been seen before on darknet sites that later vanished with customer money.
TRM Labs stated that the recent rise in new users may have attracted more attention from authorities. Still, investigators have not ruled out the possibility of a hidden law enforcement operation. In previous cases, authorities have taken over sites but kept them quiet for months to gather evidence.
However, the administrator of Dread, a darknet forum in contact with Abacus staff, has said they doubt police are behind this disappearance.
Recently, TRM Labs reported that around $2.1 billion in crypto has been stolen in the first half of 2025. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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