While the leading cryptocurrency Bitcoin is being talked about with its rise approaching $ 31,000, BTC sharing came from data provider Zachxbt.
According to Zachxbt's post, darknet marketplace Abraxas, which closed in November 2015, moved 4,800 BTC.
Zachxbt stated that Abraxas shut down suddenly in November 2015, and while it was shutting down, user funds were not refunded.
At this point, Zachxbt stated that 4,800 BTC worth approximately 144 million dollars were transferred from the Abraxas darknet market, and that these BTCs were transferred to cryptocurrency mixers.
At this point, it is considered that this transfer may have been made by Abraxas managers, since the Bitcoins moved coincided with the period when Abraxas was closed.
ZachXBT believes that people transferring BTC are trying to launder these Bitcoins, not sell them.
An entity moved ~4800 BTC ($144M) originating from Abraxas darknet market which exit scammed in Nov 2015 after previously sitting dormant.
They consolidated funds and also deposited to a bitcoin mixer.
This graph shows an example of the movements from one of the addresses. pic.twitter.com/zVBSs6mrc4
— ZachXBT (@zachxbt) October 23, 2023
*This is not investment advice.