Coronavirus mask mania spurs internet's gray markets into action

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Coronavirus mask mania spurs internet's gray markets into action
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Coronavirus-related products are still for sale across most major social media platforms, including through person-to-person messaging systems, despite some efforts to crack down on black- and grey-market activity around the outbreak.

It was not apparent whether any of the sales were legitimate. It's unknown whether desperate buyers would ever actually receive the black market items. Several sellers indicated that they accepted gift cards, cryptocurrency and Western Union wire transfers, which are less traceable systems of currency sometimes favored by illicit sellers.

In one screenshot Feinberg took of a conversation, a seller on the now-removed"calbudsman" Instagram account said it sold masks at $7 per box with a minimum order of 50 boxes.So far, only Facebook and its subsidiary Instagram have made announcements to restrict the marketing of coronavirus supplies by unregulated third-party suppliers on their platforms.

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