- iSDaily Wednesday – March 14th, 2018 – Episode 042
On this episode of iSDaily Wednesday with The One True Niz and Paul Gordon, On NewsFire, the Cattle Car Guide Rally of 2018 On Skynetter, Google Helps Killer Drones On Liberty Tech, Printing Cars in China [...]The post iSDaily Wednesday – March 14th, 2018 – Episode 042 appeared first on iState. […]
On July 11 Bitcoin.com reported on the Alphabay darknet marketplace going offline for over a week. In that report, we detailed a theory of a global “deep web” law enforcement task force that seized computers in Quebec and made a connected arrest in Thailand. On July 13 according to the Wall Street Journal and sources familiar with the international authorities — Alphabay has been shut down.
Founded in 2014 the marketplace Alphabay was a successor of the Silk Road and grew to be even bigger by 2017. Alphabay, like many darknet markets, was known for selling illicit narcotics and fraudulent credit cards. Wall Street Journal reporter Robert McMillan details the investigation was conducted by law enforcement agencies from a few countries including Thailand, the U.S., and Canada.
Law Enforcement Takes Down the Biggest Darknet Market on the Deep Web The international deep web task force arrested Alexandre Cazes, a Canadian citizen associated with the Alphabay marketplace on July 5 in Thailand. Interestingly the arrest was made the same day the Alphabay market went offline. Cazes was expected to be extradited to the U.S., an embassy employee from Bangkok told the press. Further, the investigation also took place in Canada as the Royal Canadian Mounted Police (RCMP) searched a home in Trois-Rivières, Quebec. However, Cazes took his life and was found hanging in his Thai cell on July 13.
According to Andrei Barysevich, a director of a company that sells data on deep web activities, Alphabay was far more diversified in sales than the Silk Road. Researchers from Carnegie Mellon University revealed that the Alphabay marketplace took in roughly US$600,000-800,000 in cryptocurrency revenue per day. Besides narcotics Barysevich said the market catered to credit card hackers and included fraud tutorials. Barysevich says over the past six months alone, Alphabay has sold “$5 million in stolen credit-card numbers.”
Alphabay was the biggest marketplace on the Dark Web
According to various reports the largest online marketplace located on the deep web, Alphabay was seized by International law enforcement.
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