Categories: NewsTechnology

Facebook Marketplace Well Underway To Become The Publicly Accessible Silk Road

The newly launched Facebook Marketplace has been greeted with a lot of anticipation. Unfortunately, it did not take long for things to get severely out of hand. Less than 24 hours after the public launch, the Marketplace looked very similar to Silk Road. Illegal drugs, weapons, and adult services were just some of the listings that violated the TOS. It looks like the darknet is not the only place where criminals want to buy or sell goods and services.

Facebook Marketplace Becomes A Public Darknet Forum

When people want to buy or sell drugs, weapons, or other illicit products online, they will usually flock to the darknet. Accessing these platforms requires specific software, such as the Tor Browser. Silk Road was once its prime marketplace until it was shut down by the FBI a few years ago.

But the darknet is not the only place where people can buy and sell less than legitimate goods and services. The newly launched Facebook Marketplace is no better, as it contained plenty of illicit listings as soon as it opened to the public. Baby hedgehogs may have  been the last illegal offering on there to date.

Criminals will flock to any platform that has mainstream traction to try and attract customers. For drugs, guns, and sexual services, there is a vast audience, most of whom like to lurk on the deep web. But with Facebook Marketplace, it was possible to buy and sell these things in the open. Apparently the company’s reviewing system was compromised due to a “technical issue,” and no screening for commerce policies violations took place.

Related Post

While Facebook has a global appeal, these types of malicious postings were to be expected. Anything that has somewhat of an advantage over tightly regulated marketplaces and auction sites will attract the criminal element. Although Facebook is more public than the deep web, users can still hide behind fake profiles without much trouble.

At the same time, a social network launching its marketplace is greeted with some skepticism. Most people wonder why they would leave “trusted” ecosystems such as Amazon or even eBay for Facebook Marketplace. With a limited roll out to a handful of countries,  it will take some time until the concept gains traction. Moreover, the marketplace will not be accessible through a desktop for the next few months, as the company focuses on mobile first.

Image credit 1

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

The Calculated Collapse of $TG: How a “Utility” Token Was Engineered for a Rug Pull

In the unpredictable world of cryptocurrency, new tokens launch daily, each one a shining beacon…

1 day ago

Staked Ethereum Hits Record High as Whale Accumulation Signals Bullish Long-Term Sentiment

Once more, Ethereum is commanding the spotlight as fresh figures indicate that the amount of…

1 day ago

Arbitrum Sees Surge in Protocol Revenue and EIP-7702 Adoption Following ArbOS 40 Upgrade

The ecosystem on Arbitrum keeps flaunting its robust foundations, with a steady incline in the…

1 day ago

Ethereum Whale Accumulation Surges as Long-Term Confidence Outweighs Short-Term Volatility

Once again, major market players are focusing on Ethereum. The whale activity surrounding the second-largest…

4 days ago

Week in AI: Fartcoin Steals the Spotlight Amid Market Turmoil

It has been a tumultuous week for the artificial intelligence sector in crypto. Sharp valuation…

5 days ago

BSC Foundation Resumes Strategic Accumulation: VIXBT, CAKE, LISTA, and MOOLAH Under Spotlight

Following a brief stint of dormancy, the BSC Foundation is back in action, reestablishing its strategic…

7 days ago