The dark web represents a concealed segment of the internet that operates through anonymity-enhancing technologies, enabling users to communicate and exchange information beyond the reach of conventional search engines. While it serves the purpose of protecting privacy, secure communication, supports freedom of expression and share information. The dark web is now associated with cybercrime and criminal activities. Its anonymous nature has fostered the growth of illicit activities online, which include; illegal marketplaces, money laundering, cybercrime-as-a-service, ransomware-as-a-service, fraud operations, identity theft and distribution of malicious software. Cryptocurrencies have enabled these underground systems through digital payments, enabling anonymous financial transactions across cyberspace. The following paper aims to explore the dark web, its dynamic ecosystem that leads to organized cybercrime in cyberspace.