A $144 million Bitcoin transaction has been uncovered linked to the defunct Abraxas darknet market, which shut down in 2015.

Blockchain analyst ZachXBT has uncovered a mysterious transaction involving 4,800 BTC, equivalent to roughly $144 million. The wallet in question has been linked to the Abraxas darknet market, an underground trading platform that ceased operations under mysterious circumstances in November 2015, clearing out all user funds.

The linked wallet consolidated the BTC into a single transaction before depositing the funds into a Bitcoin mixer, a method that obscures the origins of cryptocurrency to make transactions untraceable.

The dark saga of Abraxas

Abraxas was a digital marketplace on the Tor network that allowed users to purchase illicit offerings, including narcotics, counterfeit items and hacking services, among others. Transactions on this platform were typically conducted using cryptocurrencies to maintain anonymity. It was one of several such markets that exist in the hidden corners of the internet

Following its abrupt shutdown in 2015, both buyers and sellers were left in a daze as their money vanished overnight. The large-scale transaction discovered by ZachXBT suggests that the platform’s undisclosed actors could be attempting to launder this capital.

Regulatory spotlight on crypto mixers

This activity coincides with intensified scrutiny of crypto mixing services

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Author: Mohammad Shahidullah

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