US authorities have seized the dark web marketplace AlphaBay

Last week, we reported that an international law enforcement operation had shut down AlphaBay , the dark web’s go-to marketplace after the fall of Silk Road. Today, the U.S. Justice Department announced that it has seized AlphaBay and has brought civil charges against operator Alexandre Cazes (who is now deceased) and his wife, with the intention of taking their assets as well. Cazes, a Canadian citizen, was arrested in Thailand on July 5, but he committed suicide while in custody a week later. While the United States is working with international authorities to freeze the assets of AlphaBay, the Justice Department is also specifically interested in Cazes’ and his wife’s personal assets amassed through illegal AlphaBay activities. These including luxury cars, homes and a Thai hotel. Authorities have already seized Cazes’ vast stores of cryptocurrency. AlphaBay earned millions of dollars per week selling drugs, weapons, tools to help commit internet fraud and more. According to the Justice Department’s press release , Silk Road (which was shut down in 2013) had around 14, 000 goods and services listed when it was seized. Comparatively, AlphaBay had “over 250, 000 listings for illegal drugs and toxic chemicals on AlphaBay, and over 100, 000 listings for stolen and fraudulent identification documents and access devices, counterfeit goods, malware and other computer hacking tools, firearms and fraudulent services.” Source: U.S. Department of Justice

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US authorities have seized the dark web marketplace AlphaBay

AlphaBay taken down by law enforcement across 3 countries, WSJ says

Enlarge / A bitcoin token stands in this arranged photograph in London, U.K., on Wednesday, Jan. 4, 2017. (credit: Chris Ratcliffe/Bloomberg via Getty Images ) AlphaBay, one of the largest Tor-hidden drug websites that sprung up in the wake of Silk Road, has been shuttered for good after a series of law enforcement raids and arrests. The site mysteriously went dark earlier this month. Some users on Reddit suspected an “exit scam,” in which AlphaBay’s founders had shuttered the site and absconded with piles of bitcoins. 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 Canadian citizen was arrested on July 5 in Thailand, the same day that two raids on residences in Quebec, Canada, were executed. On Wednesday, Cazes was found dead, hanged in his Thai jail cell. Read 4 remaining paragraphs | Comments

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AlphaBay taken down by law enforcement across 3 countries, WSJ says