U.S. law enforcement seizes Bitcoin, other assets from deceased AlphaBay chief 23595
Ashmita Dutta
Sep 20, 2018 at 7:30 PM

U.S. law enforcement authorities have seized crypto assets, including Bitcoin [BTC], from Alexandre Cazes, head of AlphaBay that operated darknet. darknet is a hidden website that allows users to buy and sell illegal goods including controlled substances, chemicals and guns.

U.S District Court of Eastern California’s Fresno courthouse accused the individual of being involved in drug trafficking and money laundering activities. A network named ''The Onion Router'' was the only medium of accessing AlphaBay, where users transacted in Bitcoin [BTC], Ethereum [ETH] and Monero [XMR].

On investigation, authorities found that Cazes' personal email ID was used as a header in the ''welcome email'' for the new users of AlphaBay. After investigating further, it was concluded that Cazes was the mastermind behind the illegal operations of the website.

Before charging Cazes, the law enforcement agents had made undercover purchases of substances such as marijuana, heroin, fentanyl, and methamphetamine. They also purchased fake identification documents and an ATM skimmer from AlphaBay.

Cazes, a Canadian citizen, was arrested in Thailand for being the main player behind AlphaBay. However, days after he was arrested, he committed suicide in jail.

List of illegal assets of the criminal

The charges against Cazes involved controlling the operations and profits of AlphaBay. He was also accused of generating millions of dollars through commissions while conducting illegal transactions.

As the case came to an end, the U.S. authorities seized his cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH], Monero [XMR] and ZCash [ZEC], along with other assets such as luxury vehicles including Porshe, Lamborghini and BMW bikes.

See also: Bank of America charges 6000 times more than Bitcoin transactions

 See also: Europe has witnessed zero bitcoin-funded terrorist attacks; report

Image via Shutterstock

Join our Telegram group