When black markets for drugs, guns, and all manner of contraband first sprang up on the dark web more than a decade ago, it seemed that cryptocurrency and the technical sophistication of the anonymity software Tor were the keys to carrying out billions of dollars worth of untouchable, illicit transactions online.
Now, all of that looks a bit passé. In 2025, all it takes to get away with tens of billions of dollars in black-market crypto deals is a messaging platform willing to host scammers and human…

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