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The Truth About World Market Onion In Nine Little Words

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The darknet – a wild west for fake coronavirus ‘cures ‘? The stark reality is more difficult (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 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 with this little-understood area of the internet. Nearly a decade as it started being used on a substantial 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. 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 for example eBay.

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

Not really a free-for-all

There are now greater 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 world report sourcing their drugs online. In Australia, we have one of the world market (caching-quick.com – http://caching-quick.com/forums/topic/the-unexposed-secret-of-world-market-onion/)’s highest concentrations of darknet drug vendors per capita.

Unlike popular belief, cryptomarkets aren’t 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, each one is set up 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 will also be ultimately accountable for determining what can and can’t be sold on their cryptomarket. These decisions are likely informed by:

the attitudes of the surrounding community comprising buyers and sellers
the extent of consumer demand and supply for several products
the revenues a niche site makes from commissions charged on transactions
and the perceived “heat” that could be attracted from police 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 looks at several hundred coronavirus-related products on the market across a dozen 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, this information ought to be contextualised with several important caveats.

Firstly, the amount of dodgy covid-related products available on the dark web is relatively small. According to this research, they take into account about 0.2% of listed items. The overwhelming most products were those we’re already acquainted with – particularly illicit drugs such as for instance cannabis and MDMA.

Also, while the research centered on products listed for sale, these are likely listings for products that either do no exist or are listed with the particular 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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