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25 January 2021

Darknet Markets Face Headwinds After Year of Mixed Results - CoinDesk

Darknet Markets Face Headwinds After Year of Mixed Results - CoinDesk


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Criminologist Andréanne Bergeron estimates that only 21% of darknet market transactions resulted in on-time deliveries during the height of pandemic lockdowns in the spring.

According to crypto tracing firm Chainalysis, darknet marketplaces are suffering their largest consolidation in at least five years.

Only 38 marketplaces for drugs and other illegal goods and services were operational in October 2020, Chainalysis found in a Thursday report.

With over $1.5 billion in revenue generated so far, darknet markets have already recorded a record-setting 2020.

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