Lamborghini and millions in cryptocurrencies seized from deceased AlphaBay Kingpin

News by Robert Abel

Federal authorities seized millions dollars' worth of cryptocurrency, luxury property, and exotic cars including a Lamborghini Aventador and a £60,665 Mini Cooper from a deceased Dark Web Kingpin.

Federal authorities seized millions dollars’ worth of cryptocurrency, luxury property, and exotic cars including a Lamborghini Aventador and an US$ 80,000 (£60,665) Mini Cooper from a deceased Dark Web Kingpin.

Canadian national Alexandre Cazes committed suicide by hanging in a Thai prison last summer after he was arrested on suspicion of operating the dark web marketplace AlphaBay, according to Coindesk.

Before his death, authorities accused Cazes of facilitating and profiting from the sale of illegal goods and services to US and overseas customers on the site until it was shut down by law enforcement.

Because the site didn’t accept traditional payment methods, authorities said Cazes possessed more than US$ 8.8 million (£6.7 million) in cryptocurrencies pooled across 1,605.05 bitcoins, 8,309.27 ether, 3,691.98 zcash and an unknown amount of Monero.

Authorities also seized a US$ 900,000 (£682,490) 2013 Lamborghini Aventador LP700-4, an US$ 81,000 (£61,420) Mini Cooper, a US$ 21,000 (£15,924) BMW motorcycle, a US$ 292,957 (£222,129) Porsche Panamera and six beachfront vacation resorts overlooking the coasts of Thailand, Cyprus, St. Phillips South and Antigua and Barbuda all of which was collectively valued at US$ 12 million (£9 million).

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