In this passage the Angel describes the Beast(the Antichrist) to John -"was and is not, and is about to come up out of the abyss and to go to destruction. Which is another way of saying the Antichrist is going to perdition or eternal damnation. For him it will be the lake of fire. This description refers to Revelation 13 as being revived after receiving a death wound. The world will be amazed with this leader saying, "who is like the beast and they will worship him."