Incognito Market, a darknet marketplace for narcotics trading, has reportedly exit-scammed its users of their BTC and XMR.
Users of a major darknet marketplace say they’ve been unable to withdraw Bitcoin (BTC) and Monero (XMR) as of Tuesday, March 5, amid growing fears of an “exit scam.”
The marketplace — Incognito Market — is known mainly as a platform to trade narcotics and is valued between $10 million to $30 million, according to cyberthreat intelligence provider Dark Web Informer.
Accusations from users began to build against the marketplace’s administrators on March 5 after warnings from users that their crypto withdrawals were failing.