The Hidden Thriller Behind World Market Onion

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    nicoleonn4161

      The darknet – a wild west for fake coronavirus ‘cures ‘? The 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 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 with this little-understood section of the internet. Nearly a decade since it started being applied to a substantial scale, the dark web remains 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. They 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 just 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 currently higher than a dozen darknet marketplaces in operation. Protected by powerful encryption technology, authorities around the globe have largely didn’t 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‘s highest concentrations of darknet drug vendors per capita.

      Contrary to 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, 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 what can and can’t be sold on the cryptomarket. These decisions tend 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 website 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 report from the Australian National University published last week talks about 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, this information should really be contextualised with a couple of important caveats.

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

      Also, while the analysis centered on products listed for sale, these are usually listings for products that either do no exist or are listed with the precise 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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