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The World Market Onion Mystery

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The darknet – a wild west for fake coronavirus ‘cures ‘? The truth 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 such as 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 10 years because it started being utilized on an important 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. 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 just how much illegal trading of COVID-19-related products is happening via these online spaces?

Not really 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 around the world report sourcing their drugs online. In Australia, we have one of the world Market onion – https://pathta.jp/user/profile/16521471’s highest concentrations of darknet drug vendors per capita.

Despite 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 outside the realm of state regulation, each one is established and maintained by a main administrator who, alongside employees or associates, is in charge of 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 exactly what do and can’t be sold on their 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 website makes from commissions charged on transactions
and the perceived “heat” that could be attracted from police force in the trading of particularly dangerous illegal goods and services.

Experts delve to the dark web

A written report from the Australian National University published the other day looks at several hundred coronavirus-related products for sale 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 must be contextualised with a few important caveats.

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

Also, while the study dedicated to products listed on the market, these are likely listings for products that either do no exist or are listed with the particular intention to defraud a customer.

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

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