Darknet Markets And Illicit Transactions: A Critical Analysis
- IJLLR Journal
- Apr 4
- 1 min read
Harshit Chitransh, National Forensic Sciences University
Shalini Srivastava, National Forensic Sciences University
ABSTRACT
Darknet markets have emerged as a significant component of the digital underworld, enabling anonymous transactions for illicit goods and services. This paper examines the structure, operations, and impacts of darknet markets, exploring their role in global cybercrime. It also analyses law enforcement responses and the evolving security mechanisms employed by these marketplaces. The paper concludes with a discussion on potential regulatory frameworks and the future of darknet markets.
Introduction
The advent of the internet revolutionized commerce, but it also facilitated underground markets that operate outside legal oversight. Darknet markets, accessible via encrypted networks such as Tor, serve as digital black markets for illicit goods, including drugs, counterfeit currency, weapons, and stolen data. Despite law enforcement crackdowns, these markets continue to evolve, utilizing sophisticated anonymization techniques. This paper provides an in-depth analysis of darknet markets, their functionality, and the implications of illicit transactions on global security.
The Structure of Darknet Markets
Darknet markets function similarly to legal e-commerce platforms, featuring vendor listings, customer reviews, and escrow services. However, their defining characteristics include:
Anonymity and Encryption: Users connect through the Tor network, which conceals IP addresses and user identities, ensuring privacy.
Cryptocurrency Transactions: Bitcoin, Monero, and other cryptocurrencies facilitate payments, reducing traceability.
