4,800 BTC from Closed Darknet Market Abraxas Enter into Motion

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It was recently discovered that an unknown group of individuals has moved approximately 4,800 BTC, which is equivalent to around $144 million, from the darknet marketplace Abraxas.

This marketplace was involved in an exit scam back in November of 2015. The movement of these funds was brought to attention by an on-chain detective named ZachXBT.

ZachXBT noted that the funds had been accumulating in multiple wallets for almost eight years and some of them were even sent to mixing services in order to launder them.

The expert believes that the former administrators of the platform are behind these transactions, as most of the assets were received at the same time the fraudulent scheme was carried out.

This theory was also supported by some commentators who pointed out that one of the scammers was recently released from prison.

ZachXBT also noted that the unknown individuals seem to be attempting to “whiten” their assets rather than sell them, as they are conducting the transactions in a discreet manner.