Collective dynamics of dark web marketplaces

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

Dokumenter

  • Abeer ElBahrawy
  • Laura Alessandretti
  • Leonid Rusnac
  • Daniel Goldsmith
  • Alexander Teytelboym
  • Andrea Baronchelli

Dark web marketplaces are websites that facilitate trade in illicit goods, mainly using Bitcoin. Since dark web marketplaces are unregulated, they do not offer any user protection, so police raids and scams regularly cause large losses to marketplace participants. However, the uncertainty has not prevented the proliferation of dark web marketplaces. Here, we investigate how the dark web marketplace ecosystem reorganises itself following marketplace closures. We analyse 24 separate episodes of unexpected marketplace closure by inspecting 133 million Bitcoin transactions among 38 million users. We focus on “migrating users” who move their trading activity to a different marketplace after a closure. We find that most migrating users continue their trading activity on a single coexisting marketplace, typically the one with the highest trading volume. User migration is swift and trading volumes of migrating users recover quickly. Thus, although individual marketplaces might appear fragile, coordinated user migration guarantees overall systemic resilience.

OriginalsprogEngelsk
Artikelnummer18827
TidsskriftScientific Reports
Vol/bind10
Udgave nummer1
ISSN2045-2322
DOI
StatusUdgivet - 2020

Bibliografisk note

Funding Information:
A.B. and A.T. were supported by ESRC as part of UK Research and Innovation’s rapid response to COVID-19, through grant ES/V00400X/1.

Publisher Copyright:
© 2020, The Author(s).

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