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Dark Internet Market Revenues Rebound but Sector Fragments

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작성자 Sherlene
댓글 0건 조회 50회 작성일 24-04-05 20:54

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Administrators and sellers on darkish internet marketplaces had a better 2023 than the previous yr, pulling in an estimated $1.7bn in cryptocurrency-primarily based revenues, based on new Chainalysis data.

The blockchain evaluation firm studied cryptocurrency flows from these underground marketplaces and fraud retailers over the past year.

The rise in income came after a torrid 2022 for the industry after its largest player, Hydra, was shut down by the German authorities.

In its place, Mega Darknet now leads the pack with over half a billion dollars of crypto inflows, adopted by Kraken Market and Blacksprut.

However, general the sector has fragmented considerably from the times when Silk Road, AlphaBay, mega darknet market Wall Street Market and Hydra ruled the roost. Today, no single player is dominant like these marketplaces have been before their takedown, with administrators preferring to specialize specifically sorts of products and providers.

"Over the years some markets … developed a sturdy catalog of illicit providers like cash laundering, fiat offramping, and merchandise that enable cyber-criminal activities like ransomware and malware assaults. One such refined darknet market, Hydra, provided all that and extra," Chainalysis defined.

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