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The Mayans’ Lost Guide To World Market Onion

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The darknet – a wild west for fake coronavirus ‘cures ‘? The stark reality is harder (and regulated)

The coronavirus pandemic has spawned reports of unregulated health products and fake cures being sold on the dark web. These include black market PPE, illicit medications including the widely touted “miracle” drug chloroquine, and fake COVID-19 “cures” including blood supposedly from recovered coronavirus patients.

These dealings have once again focused public attention with this little-understood part of the internet. Nearly a decade as it started being applied to an important scale, the dark web remains a lucrative safe haven for traders in a range of illegal goods and services, especially illicit drugs.

Black market trading on the dark web is carried out primarily through darknet marketplaces or cryptomarkets. They’re anonymised trading platforms that directly connect buyers and sellers of a variety of illegal goods and services – similar to legitimate trading websites such as for example eBay.

So how can darknet marketplaces work? And simply how much illegal trading of COVID-19-related products is happening via these online spaces?

Not a free-for-all

There are higher than a dozen darknet marketplaces in operation. Protected by powerful encryption technology, authorities around the globe have largely failed to contain their growth. A steadily increasing proportion of illicit drug users around the world report sourcing their drugs online. In Australia, we have one of many world market – http://istanbulcum.com/author/elise15z426/’s highest concentrations of darknet drug vendors per capita.

Unlike popular belief, cryptomarkets are not the “lawless spaces” they’re often presented as in the news. Market prohibitions exist on all mainstream cryptomarkets. Universally prohibited goods and services include: hitman services, trafficked human organs and snuff movies.

Although cryptomarkets lie away from realm of state regulation, every one is established and maintained by a central administrator who, along with employees or associates, is accountable for the market’s security, dispute resolution between buyers and sellers, and the charging of commissions on transactions.

Administrators may also be ultimately in charge of determining so what can and can’t be sold on their cryptomarket. These decisions tend informed by:

the attitudes of the surrounding community comprising buyers and sellers
the extent of consumer demand and supply for many products
the revenues a site makes from commissions charged on transactions
and the perceived “heat” that could be attracted from law enforcement in the trading of particularly dangerous illegal goods and services.

Experts delve to the dark web

A written report from the Australian National University published last week looks at several hundred coronavirus-related products available across several cryptomarkets, including supposed vaccines and antidotes.

While the research confirms some unscrupulous dark web traders are indeed exploiting the pandemic and seeking to defraud naïve customers, these records should really be contextualised with a couple of important caveats.

Firstly, the number of dodgy covid-related products on the market on the dark web is relatively small. According to this research, they account for about 0.2% of all listed items. The overwhelming most products were those we are already familiar with – particularly illicit drugs such as for instance cannabis and MDMA.

Also, while the study centered on products listed on the market, these are usually listings for products that either do no exist or are listed with the specific intention to defraud a customer.

Thus, the particular sale of fake coronavirus “cures” on the dark web is likely minimal, at best.

 

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