Dark Internet Market Revenues Rebound but Sector Fragments > 모바일 메인이미지

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Administrators and sellers on darkish web marketplaces had a greater 2023 than the previous year, pulling in an estimated $1.7bn in cryptocurrency-based mostly revenues, in accordance with new Chainalysis information.

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

The rise in revenue got here after a torrid 2022 for the industry after its largest participant, 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, mega market darknetmega darknet market adopted by Kraken Market and Blacksprut.

However, general the sector has fragmented considerably from the days when Silk Road, AlphaBay, 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 particularly varieties of goods and services.

"Over the years some markets … developed a robust catalog of illicit companies like money laundering, fiat offramping, and products that enable cyber-criminal activities like ransomware and malware assaults. One such sophisticated darknet market, Hydra, supplied all that and more," Chainalysis explained.