Exit scams and regulations disrupt global World Market darknet
markets
Recent exit scams have dis... View MoreExit scams and regulations disrupt global World Market darknet
markets
Recent exit scams have displaced the users of World Market darknet, with Eastern European-only platform Hydra now the biggest worldwide.
A written report published by blockchain forensics firm CipherTrace has detailed significant
disruptions to the clandestine darknet marketplace sector following a spate of exit scams
during recent months.
Despite opportunities for new marketplaces to capture the users of the
now-defunct platforms, CipherTrace notes the absence of
an individual platform dominating Western volume. It estimates that the Russian-focussed Hydra market is currently the largest worldwide.
World Market is estimated to own generated a lot more than $1.2 billion in revenue between June 2019 and July 2020 despite exclusively servicing the Eastern European region.
While darknet marketplaces have historically been dominated by
a few large players, CipherTrace reports the sector
now generally seems to comprise a larger number of platforms commanding smaller respective
user bases. The outfit is “currently monitoring over 35 active
darknet markets.
The landscape has changed rapidly.
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Exit scams and regulations disrupt global World Market darknet
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