Darknet markets and fraud shops saw a significant shift in cryptocurrency usage in 2024, with Monero (XMR) emerging as the preferred choice over Bitcoin (BTC). This shift was driven by factors such as the delisting of Monero from centralized exchanges due to regulatory pressures and the shutdown of a key payment processor for fraud shops. Abacus Market, a popular darknet market, experienced substantial growth, particularly after competitors closed and it began accepting Monero payments.
Edward Kiledjian
@ekiledjian