Millions in BTC, XMR possibly stolen after reports of darknet market ‘exit scam’

Incognito Market, a darknet marketplace for narcotics trading, has reportedly exit-scammed its users of their BTC and XMR.

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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.

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