This. Fortunately the law makes it that it’s inconvenient (possible prison time) to use the black market, which is a big thumb on the balance, but bug bounties are also often only $3000…
Don't forget that most people also simply don't sell bugs. They're not for sale in the first place; the bounty would be a thank-you or nice bonus, not a replacement for selling it
I'm certainly not in a criminal bubble so I can't say how big the other side is, but (as a security consultant who knows a reasonable number of hackers) I doubt that I know anyone who'd choose, after getting no response from the company, to sell a bug for profit to a louche party rather than going full disclosure and warning everyone -- or just doing nothing because it's not like it's their problem
Edit: nvm someone did come to mind. We tried to steer them onto the right path at our weekly CTF team meetings but I'm not sure we succeeded. Anywho, still one to a few dozen
Software Exploits arent considered arms it is information that can be sold, the liability is on the person that does the unauthorized access, the person that steals data, the person that uses the data
Hacking syndicates distribute liability akin to any corporation
not about else and especially not for merely browsing or using or buying a legal good from a dark net market
as I wrote
who would then argue they also sold it to security researchers, journalists and assumed everyone was or didnt discriminate or have any intent at all
Which is almost always the person finding the bug. Most services include language that limit your ability to find vulnerabilities in their systems as part of being allowed to access their service. If you find the vulnerability without ever accessing the service you might have an out, but that also means you have to sell the exploit with less ability to convince the buyer that it is something significant.