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The Truth About World Market Onion In 5 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 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 yet again focused public attention with this little-understood part of the internet. Nearly ten years because it started being used on a significant scale, the dark web continues to be 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 selection of illegal goods and services – much like legitimate trading websites such as for instance eBay.

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

Not a free-for-all

There are now higher than a dozen darknet marketplaces in operation. Protected by powerful encryption technology, authorities around the world have largely didn’t contain their growth. A steadily increasing proportion of illicit drug users around the world market; https://gqitrade.com/ – https://gqitrade.com/user/profile/208899, 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 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 side employees or associates, is accountable 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 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 available across several cryptomarkets, including supposed vaccines and antidotes.

While the study confirms some unscrupulous dark web traders are indeed exploiting the pandemic and seeking to defraud naïve customers, these details should be contextualised with a few important caveats.

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

Also, while the analysis dedicated to products listed available, these are most likely listings for products that either do no exist or are listed with the particular 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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