AlphaBay Market was a popular darknet marketplace that was shut down by law enforcement in 2017. The marketplace was known for its wide variety of products, including drugs, weapons, and stolen data. However, AlphaBay was also a scam. The operators of the marketplace stole millions of dollars from their users.
Company Overview
AlphaBay Market was founded in 2014 by Alexandre Cazes. Cazes was a Canadian citizen who lived in Thailand. He was arrested by Thai police in 2017 and extradited to the United States, where he was charged with drug trafficking and money laundering. Cazes committed suicide in jail while awaiting trial.
This website is now active again and according to a report of Wired in 2022, this website was placed again at the top marketplace in the Darknet.Â
Team
AlphaBay Market was operated by a team of anonymous individuals. The team’s identities were never revealed.
Services or Products
AlphaBay Market offers a wide variety of products, including drugs, weapons, stolen data, and counterfeit goods. The marketplace also offered escrow services, which allowed buyers and sellers to protect themselves from fraud.
License and Regulations
AlphaBay Market was not licensed by any financial or regulatory authority. The marketplace operated in the shadows of the dark web, where it was difficult for law enforcement to track down.
Why Dealing With An Unlicensed Broker Is Risky
Dealing with an unlicensed broker is risky for a number of reasons. First, there is no guarantee that the broker is legitimate. Second, there is no way to hold the broker accountable if something goes wrong. Third, the broker may be involved in illegal activity.
Legal Warning Against AlphaBay Market
The United States Department of Justice has issued a legal warning against AlphaBay Market. The warning states that AlphaBay Market is a scam and that anyone who uses the marketplace is at risk of losing their money.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of customer reviews of AlphaBay Market online. The reviews are mostly negative, with users complaining about the poor quality of the products, the lack of customer service, and the frequent scams.
Feedback About Their Trading
Users who have traded on AlphaBay Market have complained about the high prices of the products, the difficulty of finding reliable vendors, and the risk of being scammed.
Feedback About Their Customer Service
The customer service for AlphaBay Market is notoriously bad. Users have complained about long wait times, unhelpful representatives, and a lack of resolution for problems.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by AlphaBay Market or another darknet marketplace, there are a few things you can do. First, you can report the scam to the authorities. Second, you can try to get your money back through a chargeback or other financial dispute resolution process. Third, you can learn from your mistakes and be more careful in the future.
Finally, besides all of these, you can get a quick solution from us. We are a team of experts who are helping people by providing guidance and information to get their lost funds back. We provide free consultation calls and recovery service recommendations to choose the right option for recovery.
Final Thought
AlphaBay Market was a popular darknet marketplace that was a scam. The marketplace was shut down by law enforcement in 2017, but there are still other scam marketplaces operating on the dark web. If you are considering using a darknet marketplace, be sure to do your research and only use reputable marketplaces.
