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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 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 including 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 on this little-understood element of the internet. Nearly a decade since it started being used on a significant 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. They’re anonymised trading platforms that directly connect buyers and sellers of a variety of illegal goods and services – similar to legitimate trading websites such as eBay.

So how can 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 world have largely failed to contain their growth. A steadily increasing proportion of illicit drug users all over the world market – https://archiefwiki.pleio.nl/wiki/When_Professionals_Run_Into_Issues_With_Darkode_Market_This_Is_What_They_Do report sourcing their drugs online. In Australia, we have one of many world’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 beyond your realm of state regulation, each one is set up 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 are also ultimately in charge of 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 website 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 into the dark web

A written report from the Australian National University published last week looks at several hundred coronavirus-related products on the market across twelve 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 details ought to be contextualised with a couple of important caveats.

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

Also, while the study focused on products listed available, these are usually listings for products that either do no exist or are listed with the specific 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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