transforming the way black markets operate by enabling “black e-commerce”. . bitcoin is likely associated with buying/selling illegal drugs online (e.g., Soska. Dark markets operate secretly online, peddling illegal goods and services, and taking bitcoin for payment. Find out more about the world of the Dark Web. Silk Road was an online black market and the first modern darknet market, best known as a .. While the site remained online, all the bitcoins in its escrow accounts, valued at $ million, were reported stolen. It was later reported that the.