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Shuttered Online Black Market Included a Money Laundering Feature

By Dan Bethencourt

AlphaBay, the Internet's largest dark web marketplace until it was shut down by U.S. officials earlier this month, included a built-in "tumbling" service for customers to further launder their digital currencies while purchasing an array of illicit goods, according to court records. Money laundering was also a charge that prosecutors levied against the website's alleged founder, Alexandre Cazes, after authorities said the 26-year-old, who reportedly hung himself in his cell this month following his arrest in Thailand, used an apparently dormant web-design business as a front to exchange millions of dollars-worth of digital currencies back into mainstream currencies such as...

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