Content Warning: This story includes references to suicide. If you need help, call the Suicide and Crisis Lifeline for your region.
THE STING
In the days after the AlphaBay takedown but before Alexandre Cazes' death, Paul Hemesath spent a few enjoyable hours by the rooftop pool of the Athenee, scrolling on his iPad through the responses to the sudden, unexplained disappearance of the world's largest-ever dark-web market.
Rumors had begun to swirl instantly that the site's administrators had pulled off an exit scam, taking with them millions of dollars' worth of the market's cryptocurrency. But others argued that the site might just be down for technical reasons or to carry out routine maintenance. Few suspected the truth. “People have always screamed exit scam in the past, and they've always been wrong,” wrote one user on Reddit. “I really hope this turns out the same.” Another added, “Until we know otherwise, keep the faith.”
Almost immediately, faithful or not, AlphaBay's vendors and buyers went looking for a new market where they could continue business as usual. The natural choice was AlphaBay's biggest rival, Hansa, which was well run and already growing fast. “wow alphabay exit scam. crazyness!” one user wrote on Twitter. “moving to hansa.”
Back in the Netherlands, the Dutch police were waiting for them. For two weeks, they had been overseeing Hansa's vast marketplace, surveilling its users and collecting their messages, delivery addresses, and passwords. Their Driebergen conference room, where the small team of undercover investigators had continued to work in shifts around the clock, had taken on the atmosphere of a college dorm. Chips, cookies, chocolates, and energy drinks covered the table, a warm, stale funk pervading the air.
At one point the head of investigations for the Dutch National Police paid them a visit to see their landmark operation in action. He was visibly offended by the smell and left after 10 minutes. Someone brought in an air freshener. (“It didn't really work,” a team member says.)
Hansa's marketplace, meanwhile, was thriving. In the days before the AlphaBay takedown, it was adding nearly a thousand new registered users a day, all falling into the trap the Dutch had patiently set. When AlphaBay went offline, that number spiked to more than 4,000 a day. Then more than 5,000 the next day. Then, two days after that, 6,000.