CMP

This has led to elevated speculation a couple of possible "exit scam" by the platform's operators.

The estimated value of Incognito Market ranges between $10 million and $30 million, as reported by Dark Web Informer. User complaints intensified on March 5, pointing to failed makes an attempt to withdraw cryptocurrencies, stirring considerations over the directors' intentions.

Incognito's administrator, referred to as "Pharoah," tried to mitigate user concerns on Dread, a darknet discussion board similar to Reddit, attributing the withdrawal issues to recent system updates. Despite these assurances, persistent withdrawal points and a subsequent put up by notable darknet determine Hugbunter have substantiated fears of an exit scam.

Hugbunter reported a conversation with "Pharoah," where a bribe was allegedly offered to downplay the situation on Dread, thus verifying the suspicions of an exit rip-off. Hugbunter's subsequent warnings on Dread and Reddit aimed to forestall further person losses.

The timing aligns with the Chainalysis 2024 Crypto Crime Report, which notes a resurgence in darknet market revenues in 2023, following the shutdown of Hydra, the beforehand dominant market. The landscape now sees smaller platforms like Mega mega market darknet filling the void, every carving out its area of interest within the underground economic system.