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The World Market Onion Mystery

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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 sold on 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 with this little-understood part of the internet. Nearly ten years because it started being utilized on a substantial scale, the dark web continues to be 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. They’re 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 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 failed to contain their growth. A steadily increasing proportion of illicit drug users all over the world report sourcing their drugs online. In Australia, we’ve among the world market – https://www.grillrestaurant-neudorf.ch/home/blog/style-2/item/35-post-with-slider-gallery.html’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, each one is established and maintained by a central administrator who, alongside 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 accountable 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 certain products
the revenues a site makes from commissions charged on transactions
and the perceived “heat” that may 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, this information 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 most listed items. The overwhelming most products were those we’re already knowledgeable about – particularly illicit drugs such as for instance cannabis and MDMA.

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