The administrator of Flugsvamp 2.0 is one of Europe’s ‘Most Wanted.’

After fleeing the country on the last day of his trial, the former operator of Flugsvamp 2.0, Sweden’s longest-running darknet market, is now considered an international fugitive. Alexander Gustafsson, 30, is suspected of being the former market’s chief architect and administrator from 2015 to 2018. Flugsvamp 2.0, like its predecessor, targeted exclusively to Swedish residents, accepted Bitcoin as payment, and was a drugs-only market.

Gustafsson is currently regarded as one of Europe’s most wanted criminals. In June 2022, he was sentenced to 11 years and 8 months in prison and made to pay a fine of 1,479 BTC – approximately $24.44 million in today’s rates – the amount he is thought to have gained during his time as market administrator. Over 450,000 BTC addresses have been linked to transactions on Flugsvamp 2.0, allowing law authorities to identify thousands of buyers in Sweden.

Alexander Gustafsson’s mugshot. Swedish Police Authority is the source.

Gustafsson was identified as the administrator of Flugsvamp 2.0 in 2018, however he was initially cleared of all charges. A police inquiry into his operations revealed that he enjoyed a high-flying lifestyle, frequently traveling around the world to convert Bitcoin earnings for cash. Gustafsson’s purchases included a Lamborghini purchased in Dubai and expensive stays in posh hotels. He was granted an appeal following his June punishment, but he took advantage of his liberty to depart the country.

Flugsvamp is a Swedish word that translates to fly agaric, a type of hallucinogenic mushroom. The first Flugsvamp darknet market was established in February 2014 to allow Swedish people to safely buy and trade narcotics. It was closed down in November 2014 as part of Operation Onymous, which also demolished other markets across Europe. Flugsvamp 4.0, which was formed in the second part of 2021 and is still in existence, is the most recent incarnation of the market.

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