Russian darknet marketplaces have achieved significant success in cryptocurrency sales, with a 97% domination reported in recent studies.
Russian Darknet and Cryptocurrencies
The Russian darknet continues to lead in illegal drug sales, primarily utilizing Bitcoin and Tron. A report by TRM Labs shows a 1% increase in sales since 2023. The low threat of law enforcement action and the use of a 'dead drop' delivery system have allowed these markets to maintain stability, despite the closure of some platforms.
Challenges for Western Markets
Western darknet markets faced significant challenges in 2024, including government investigations and high-profile exit scams, leading to distrust among users. Some markets managed to innovate, such as establishing the first Telegram-based marketplace in the Western sphere.
Cryptocurrency Volumes in 2024
Cryptocurrency drug sales volumes more than doubled in 2024, driven by the rise of vendor shops and encrypted communication apps. Sales through Chinese platforms declined, possibly due to strengthened oversight by Chinese authorities.
A look at development shows the ongoing rise in cryptocurrency sales on darknet markets. Russian markets hold a clear advantage due to greater stability and less law enforcement pressure.
