'The Biggest Marketplace On The Dark Web' Gets Busted By Authorities

15 July, 2017, 05:38 | Author: Leticia Walters
  • TheMerkle Alpha Bay Admin Suicide

Alexander Cazes, 26, hanged himself with a towel on Wednesday, just an hour before a meeting with the public prosecutor over proceedings for his extradition to the United States in connection with criminal charges there. Cazes was arrested at the Private House housing estate on Phutthamonthon Sai 3 Road in Thawi Watthana district on July 5.

AlphaBay, an online marketplace that sold illegal products on the Dark Web, has been taken offline following raids in three countries, according to several reports.

He said he was a drugs trafficker who arrived in Thailand from the USA and officers had been working with American authorities after an arrest warrant was sent.

He had reportedly lived in Thailand for seven or eight years and has a Thai wife, according to Thai police. It opened in 2014 in the wake of the 2013 closure of Silk Road, a similar cryptomarket.

According to the Wall Street Journal, which reported the news on Thursday, police in the United States, Canada, and Thailand collaborated to arrest Alexandre Cazes, who allegedly was the head of the online operation. The site remained essentially inaccessible for days after the fact, prompting some users to speculate about an exit scheme.

After mysteriously going dark for a number of days, dark web marketplace AlphaBay shut down following an apparent raid by worldwide authorities, the Wall Street Journal reported. AlphaBay rose in prominence after the shuttering of the Silk Road in 2013 and arrest of its operator, Ross Ulbricht, who lost his appeal in May and is now serving a life sentence.

In addition to drugs, AlphaBay made a significant chunk of its revenue enabling the sale of stolen credit card numbers, as well as firearms.

The Montreal Gazette reported that the raids were carried out as "part of a larger, global investigation involving the FBI and other agencies" into the sale of illegal goods online. It is hard to determine if Cazes is the real AlphaBay admin, but all of the information seems to hint at that outcome.

The Journal reports that Cazes was, indeed, one of AlphaBay's main operators. Police believe the marketplace's total daily sales were between $600,000 - $800,000 at its height.

The first sign that AlphaBay may have been the target of law enforcement came shortly before the sudden down time, when a prominent AlphaBay vendor was arrested and willingly handed over his account to law enforcement.

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