Two American archaeologists claim they have found the resting place of a Portuguese ship from 1721 that was carrying $138 million in treasure near the Madagascar coast.

When the ship, known as the Nossa Senhora do Cabo, embarked from India with a viceroy, the Archbishop of Goa, 200 slaves, and treasure onboard, a pirate named Olivier “The Buzzard” Levasseur took the opportunity to lead an ambush of the vessel. The pirates then sailed it hundreds of miles, Popular Mechanics reported Wednesday.

Over 300 years later, the archaeologists believe they have found the ship’s resting place on the seafloor near the island of Nosy Boraha, according to…

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