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You, Me And World Market Onion: The Truth

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

The coronavirus pandemic has spawned reports of unregulated health products and fake cures being obsessed about the dark web. These generally 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 part of the internet. Nearly 10 years as it started being applied to 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 instance eBay.

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

Not just a free-for-all

There are now 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 the world’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 set up and maintained by a main administrator who, along with employees or associates, is accountable for the Darkode Market – https://c418wiki.absolutelywhizzer.co.uk/index.php?title=How_Does_Darkode_Market_Work’s security, dispute resolution between buyers and sellers, and the charging of commissions on transactions.

Administrators will also be ultimately accountable for determining exactly what do 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 police in the trading of particularly dangerous illegal goods and services.

Experts delve into the dark web

A written report from the Australian National University published the other day discusses several hundred coronavirus-related products on the market 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 records must certanly be contextualised with a couple of important caveats.

Firstly, how many dodgy covid-related products available on the dark web is relatively small. According to the 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 for instance cannabis and MDMA.

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

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

 

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