First cache dropped by Blackbeard's Messenger (level 15 miniboss). Opens with a Blackbeard Cache Key.
Smuggler's Cove coordinates K4-N3. Behind a waterfall on the West side of the island. Bring a torch — the cave is dark.
Hidden waterfall, three smugglers' boats anchored outside
Level 15+ required. Blackbeard's Messenger miniboss (level 15) guards the entrance.
5,000 Piastre + Blackbeard's Cutlass Schematic (crafting recipe) + 2 Charon's Obol
Defeat Blackbeard Elite Captain for a Cache Key → opens Cache 2.