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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 reality 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 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 on this little-understood element of the internet. Nearly ten years because it started being utilized on an important 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 range of illegal goods and services – similar to legitimate trading websites such as for example eBay.

So how do 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 currently more 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 globe report sourcing their drugs online. In Australia, we have among the World Market Onion – https://shqiponja.al/index.php?page=user&action=pub_profile&id=54349’s highest concentrations of darknet drug vendors per capita.

Contrary to 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 main administrator who, along with 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 in charge of determining exactly what do and can’t be sold on the 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 many products
the revenues a website 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 written report from the Australian National University published a week ago talks about several hundred coronavirus-related products for sale across several 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 records must be contextualised with a couple of important caveats.

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

Also, while the research dedicated to products listed on the market, these are likely 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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