[2017-07-14]Law Enforcement Takes Down the Biggest Darknet Market on the Deep We

[Baofeng]

Law Enforcement Takes Down the Biggest Darknet Market on the Deep Web

The Biggest Darknet Market on the Deep Web Has Been Shut Down By International Authorities

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.

https://news.bitcoin.com/law-enforcement-takes-down-darknet-market/

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[Slow death]

Law Enforcement Takes Down the Biggest Darknet Market on the Deep Web

The Biggest Darknet Market on the Deep Web Has Been Shut Down By International Authorities

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.

https://news.bitcoin.com/law-enforcement-takes-down-darknet-market/

The guy hanged himself in jail before being extradited to the US, and Alexandre Cazes had 3 houses valued at 11 million dollars and had four Lamborghinis. The black market gives a lot of money, but in the end you pay a very high price

[Kprawn]

This will never be stopped.. as they said, this one was even bigger than Silk road. These guys are getting better at it and it lasts longer and longer

every time. It is like the gangs... you cut off the one head and another one takes it's place. I was thinking if this was the real reason for the dip in

the price lately? Can a site like this have such a big influence on the price? I doubt if Silk road had such a big impact back then. 

[gentlemand]

I was thinking if this was the real reason for the dip in

the price lately? Can a site like this have such a big influence on the price? I doubt if Silk road had such a big impact back then. 

I don't think it's like the SR days any more. I'd guess a lot more Bitcoin stays as Bitcoin rather than being cashed in or out, especially as they must be getting more paranoid about chain analysis.

A pathetic waste of the life of the guy who killed himself. All because of a sum of money.

I assume all darknet markets are effectively run by law enforcement these days anyway.

[1Referee]

Ok, we finally know what happened. I just feel sorry for those that lost considerable amounts of funds due to authorities taking that platform down. I can't say that I am totally surprised about this, but this once again points out that you don't only have to worry about hackers, or employee theft, but also the authorities. This, eventually, is the destiny of basically every dark net market. It might takes a few years, or perhaps a bit longer, but they aren't a long term running service/platform.

I doubt if Silk road had such a big impact back then. 

I have witnessed the SR dump live as I was looking at how the price went down with nearly 50% back then. Everything went down, Bitcoin and alts. Literally nothing was a safe haven in that short period, aside from fiat.