Dark web prof­its seized

The Star Early Edition - - WORLD -

BANGKOK: Thai po­lice have seized nearly $21 mil­lion (R272m) worth of as­sets, from cars to cryp­tocur­rency, be­long­ing to the late founder of dark web mar­ket­place Al­phaBay, who died in a Bangkok jail this month.

Alexan­dre Cazes, 25, a Canadian cit­i­zen, was ar­rested in Thai­land on July 5 at the re­quest of the US. Thai po­lice yes­ter­day con­firmed he was the ad­min­is­tra­tor of Al­phaBay, de­voted to the sale of il­licit goods, rang­ing from com­puter hack­ing tools to drugs and weapons.

Al­phaBay was widely con­sid­ered the big­gest on­line black mar­ket for drugs, es­ti­mated to host daily trans­ac­tions to­talling hun­dreds of thou­sands of dol­lars.

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