Dark Web Sees $500,000 in Daily Transactions
Posted by: Timothy Weaver on 08/19/2015 09:22 AM
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New research by Carnegie Mellon University researchers indicate that the dark web marketplaces can be pulling in between $300,000 and $500,000 daily. Good days could see a spike to $650,000.
Carnegie Mellon “scraped” 35 dark web markets to both qualify the number of transactions completed daily and quantify the total proceedings from those sales.
The goal of the research was to take a moment in time in order to yield information such as item listings, pricing information, feedback, and user pages.
Markets ebbed and waned and or had inconsistent pricing, but the researchers took this into account as they made their estimates.
The researchers said Silk Road could have generated $100 million in 2013 if it had not been taken down in October of that year.
Source: SCMagazine
Carnegie Mellon “scraped” 35 dark web markets to both qualify the number of transactions completed daily and quantify the total proceedings from those sales. The goal of the research was to take a moment in time in order to yield information such as item listings, pricing information, feedback, and user pages.
Markets ebbed and waned and or had inconsistent pricing, but the researchers took this into account as they made their estimates.
The researchers said Silk Road could have generated $100 million in 2013 if it had not been taken down in October of that year.
Source: SCMagazine
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