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ALLEGED DARK WEB KINGPIN GETS 40 YEARS, FORFEITS $101M BTC
• A US federal court has sentenced a dark web drug market operator to 40 years in prison, marking one of the longest sentences for a cryptocurrency-related crime.
• The individual, identified as Alexandre Cazes, was the operator of AlphaBay, a notorious dark web marketplace that facilitated the sale of illicit goods and services.
• At the time of his arrest in 2017, Cazes had amassed a significant stash of bitcoin, which he used to fund his illicit activities.
• Authorities have now seized over 200,000 bitcoins, worth around $101 million at the time of writing, as part of the investigation.
• The sentence sends a strong message about the consequences of using cryptocurrency for illicit activities and highlights the importance of international cooperation in combating cybercrime.
Drop your thoughts on the role of cryptocurrency in dark web markets 👇
📡 Via CoinDesk
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#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
ALLEGED DARK WEB KINGPIN GETS 40 YEARS, FORFEITS $101M BTC
• A US federal court has sentenced a dark web drug market operator to 40 years in prison, marking one of the longest sentences for a cryptocurrency-related crime.
• The individual, identified as Alexandre Cazes, was the operator of AlphaBay, a notorious dark web marketplace that facilitated the sale of illicit goods and services.
• At the time of his arrest in 2017, Cazes had amassed a significant stash of bitcoin, which he used to fund his illicit activities.
• Authorities have now seized over 200,000 bitcoins, worth around $101 million at the time of writing, as part of the investigation.
• The sentence sends a strong message about the consequences of using cryptocurrency for illicit activities and highlights the importance of international cooperation in combating cybercrime.
Drop your thoughts on the role of cryptocurrency in dark web markets 👇
📡 Via CoinDesk
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH