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The Truth About World Market Onion In Six Little Words

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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 like the widely touted “miracle” drug chloroquine, and fake COVID-19 “cures” including blood supposedly from recovered coronavirus patients.

These dealings have yet again focused public attention on this little-understood section of the internet. Nearly a decade as it started being utilized on a significant scale, the dark web remains a lucrative safe haven for traders in a selection 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 – similar to legitimate trading websites such as for instance eBay.

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

Not just a free-for-all

There are more than a dozen darknet marketplaces in operation. Protected by powerful encryption technology, authorities all over the world have largely didn’t contain their growth. A steadily increasing proportion of illicit drug users all over the world market – http://www.haskell.sblinks.net/user/aimeenicho/ report sourcing their drugs online. In Australia, we have one of many world’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 beyond your realm of state regulation, each one of these is set up and maintained by a central 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 may also be ultimately responsible for determining what can and can’t be sold on the 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 many products
the revenues a site makes from commissions charged on transactions
and the perceived “heat” that could be attracted from police force 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 talks about several hundred coronavirus-related products on the market across a dozen cryptomarkets, including supposed vaccines and antidotes.

While the analysis confirms some unscrupulous dark web traders are indeed exploiting the pandemic and seeking to defraud naïve customers, these details must certanly be contextualised with several important caveats.

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

Also, while the study dedicated to products listed available, these are usually 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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