Saturday, 18 November, 2017

AlphaBay Market Shut Down: Site Goes Offline After Raids, Founder Kills Himself

Laurie Berry | 15 July, 2017, 05:36

The Bangkok Post reported that Cazes had been resident in Thailand for about eight years and had a Thai wife. AlphaBay mysteriously went offline around the same time Cazes was arrested, according to Thaivisa.

Another underground dark web market was shut down, according to sources, putting an end to the illegal sale of stolen credit cards, drugs, and more.

Like Silk Road's alleged mastermind Ross Ulbricht, the man accused of being behind AlphaBay, Canadian citizen Alexandre Cazes, found himself behind bars after his arrest at the request of United States authorities.

The Wall Street Journal reports that a Canadian suspected of running AlphaBay was arrested in Thailand on 5 July following an global police operation involving authorities in the United States and Canada as well as Thailand. While police confiscated Bt400 million worth of his assets, including four Lamborghini super cars and three properties, his only known background was that he worked as a computer programmer.

A representatives for Canada's foreign affairs department confirmed Cazes "passed away in Thailand" but declined to comment further, according to the report.

AlphaBay was founded in December 2014, taking the place of the Silk Road Marketplace, which was seized by the Federal Bureau of Investigation in October 2013.

US Kills ISIS-K Leader During Strike in Afghanistan
In July 2016, a suicide bomb attack on a Shia Muslim rally in Kabul killed about 80 people. Hasib's predecessor Hafiz Sayed Khan was also killed by USA forces.

The site's closing came after coordinated action by the US, Canada and Thailand, reported the Wall Street Journal.

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.

After mysteriously going dark for a number of days, dark web marketplace AlphaBay shut down following an apparent raid by global authorities, the Wall Street Journal reported. The Montreal Gazette reports that the raids "were part of a larger, global investigation involving the FBI and other agencies" into the sale of merchandise on the darknet.

The Journal reports that Cazes was, indeed, one of AlphaBay's main operators. It is hard to determine if Cazes is the real AlphaBay admin, but all of the information seems to hint at that outcome. The company apparently made anywhere between $600,000 and $800,000 a day, according to Dark Web researcher and Carnegie Mellon computer science professor Nicolas Christin.

Some users on the /r/DarkNetMarkets subreddit blamed the vulnerabilities of AlphaBay for the shutdown of the website.

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