The Machine Learning as a Service (MLaaS) market is rapidly expanding and becoming more mature. For example, OpenAI's ChatGPT is an advanced large language model (LLM) that generates responses for various queries with associated fees. Although these models can deliver satisfactory performance, they are far from perfect. Researchers have long studied the vulnerabilities and limitations of LLMs, such as adversarial attacks and model toxicity. Inevitably, commercial ML models are also not exempt from such issues, which can be problematic as MLaaS continues to grow. In this paper, we discover a new attack strategy against LLM APIs, namely the prompt abstraction attack. Specifically, we propose Mondrian, a simple and straightforward method that abstracts sentences, which can lower the cost of using LLM APIs. In this approach, the adversary first creates a pseudo API (with a lower established price) to serve as the proxy of the target API (with a higher established price). Next, the pseudo API leverages Mondrian to modify the user query, obtain the abstracted response from the target API, and forward it back to the end user. Our results show that Mondrian successfully reduces user queries' token length ranging from 13% to 23% across various tasks, including text classification, generation, and question answering. Meanwhile, these abstracted queries do not significantly affect the utility of task-specific and general language models like ChatGPT. Mondrian also reduces instruction prompts' token length by at least 11% without compromising output quality. As a result, the prompt abstraction attack enables the adversary to profit without bearing the cost of API development and deployment.