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The Secret of World Market Onion That No One is Talking About

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The darknet – a wild west for fake coronavirus ‘cures ‘? The truth is more complicated (and regulated)

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

These dealings have once more focused public attention on this little-understood portion of the internet. Nearly a decade because it started being utilized on an important scale, the dark web continues to be a lucrative safe haven for traders in a variety of illegal goods and services, especially illicit drugs.

Black market trading on the dark web is carried out primarily through darknet marketplaces or cryptomarkets. These are anonymised trading platforms that directly connect buyers and sellers of a variety of illegal goods and services – much like legitimate trading websites such as eBay.

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

Not a free-for-all

There are now higher than a dozen darknet marketplaces in operation. Protected by powerful encryption technology, authorities around the world have largely failed to contain their growth. A steadily increasing proportion of illicit drug users around the globe report sourcing their drugs online. In Australia, we’ve one of many world market onion – http://www.em6.eu/forums/topic/can-you-spot-the-a-darkode-market-professional/’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 beyond your realm of state regulation, each one is initiated and maintained by a main administrator who, alongside employees or associates, is responsible for the market’s security, dispute resolution between buyers and sellers, and the charging of commissions on transactions.

Administrators will also be ultimately responsible for determining so what can and can’t be sold on their cryptomarket. These decisions are most likely informed by:

the attitudes of the surrounding community comprising buyers and sellers
the extent of consumer demand and supply for certain products
the revenues a niche 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 in to the dark web

A report from the Australian National University published last week talks about several hundred coronavirus-related products available across twelve 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 details must be contextualised with a couple of important caveats.

Firstly, the amount of dodgy covid-related products on the market on the dark web is relatively small. According to this research, they account fully for about 0.2% of most listed items. The overwhelming most products were those we’re already acquainted with – particularly illicit drugs such as 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 actual sale of fake coronavirus “cures” on the dark web is likely minimal, at best.

 

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