ABSTRACT
This chapter seeks to gather accounts on criminal activities using cryptocurrencies and present how criminals use this technology as a tool for committing crimes in a wide range of wicked and unlawful exercises. It offers some recommendations as to how such crimes can be tackled and how cryptocurrencies can become mainstream without limiting the benefits of blockchain technology. Criminals promptly liked the concept and adapted Bitcoin when it first arrived, even before the learned society started releasing the true merit of this new technology. Darknet-based crimes are all connected to darknet markets, which are also referred to as crypto-markets. Criminals and underworld sellers use these markets to trade illicit goods such as drugs, cyber-arms, weapons, counterfeit currency, stolen credit card details, forged documents, unlicensed pharmaceuticals and steroids. Darknet is considered a sanctuary for hackers who commit various cybercrimes.
