Dark web souk AlphaBay shuts for good after police raids

Paterniano Del Favero
Luglio 14, 2017

According to a report from The Wall Street Journal, the site's shutdown was far from voluntary, as the online marketplace went down following a combined operation by law enforcement in the US, Canada and Thailand.

The Criminal Court issued a warrant for his arrest on June 30 at the request of United States authorities.

On the same day he was arrested, Canadian police forces carried out two raids on residences in Quebec, according to Camille Habel, a sergeant with the Royal Canadian Mounted Police in Montreal. If a dark net market's operators decide to take off with the bitcoins that are being held in escrow, users have no recourse. No arrests were made, but equipment was seized. A preliminary assessment placed Cazes' wealth at about $15 million.

Local authorities had apprehended Cazes based on an worldwide arrest warrant issued by the U.S. for drug trafficking charges.

A source said police who arrested Cazes had impounded four Lamborghini cars and three houses worth about 400 million baht in total. USA officials requested his extradition.

Canadian Alexander Cazes, found dead in his cell in the NSB holding area, was wanted in the United States for drug trafficking, and had lived high on the hog in Thailand for eight years.

The Journal reports that Cazes was, indeed, one of AlphaBay's main operators.

By October 2015, AlphaBay had over 200,000 users, and the market continued to grow at a steady pace, receiving a new influx of users after fellow TheRealDeal market mysteriously vanished in the summer of 2016.

There are a number of outstanding questions regarding the demise of AlphaBay.

In the meantime, former AlphaBay vendors and users have started flocking to other Dark Web markets.

DIMLY LIT DARK WEB INTERNET SITE AlphaBay has been raided and closed down in an global operation that saw its leader pinched and jailed. Massive amounts of cryptocurrency like Bitcoin were withdrawn, leading many to suspect that the administrators shut down the site on goal while taking around $3.8 million with them.

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