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Hydra’s’Complex Medication Delivery System’ at Russia Overshadows Western Darknet Markets

On September 14, the blockchain analysis firm Chainalysis reported on the notorious Russian darknet marketplace (DNM) called Hydra and also noted the DNM is Eastern Europe’s»sixth-largest service by volume in the area.» In addition, the report also shows that Hydra has created a»complicated drug delivery program» inside Russia and throughout several countries in Europe too.

In the end of August, the darknet marketplace (DNM) community said goodbye to the Empire Market, which unexpectedly decided to exit scam on August 22. News.Bitcoin.com reported on the aftermath and the way DNM patrons scrambled to locate options.

About Monday, Chainalysis published a report about the cryptocurrency market action in Eastern Europe this season, and the organization’s discovering touched on the Russian DNM called Hydra.

The darknet marketplace Hydra was launched in 2015 and it ran along with the infamous Russian Anonymous Marketplace (RAMP). However, Hydra catered it’s main focus on drugs and RAMP disappeared in late 2017. Reports highlight that after RAMP’s passing,»Hydra witnessed an increase in user registrations and seller action.»

Hydra’s Dropgangs and Dead Drops

Besides medication, Hydra also allows vendors to sell other types of wares like digital products, SIM cards, and other miscellaneous items.

The Chainalysis report notes that these days, the DNM Hydra, is currently Eastern Europe’s»sixth-largest» crypto support by volume in the region.

«As one of the most significant darknet markets on earth, Hydra has built a intricate drug delivery program in Russia and other Eastern European nations,» the Chainalysis report notes.

«Couriers get shipping orders in a manner similar to Uber drivers and drop off packages in discrete places broadcast to buyers later in order that neither party has to find each other or make an in-person exchange. No other areas are similar in terms of darknet market earnings or sophistication of surgeries,» that the Chainalysis Eastern European study concluded.

«Hydra prefers severe Russian drug vendors, just allowing sellers who would like to pay’rent’ because of their stores and requiring a monthly payment of over $100 USD for use of the service,» Darkowl.com writes. «This [method] reduces the likelihood of vendors who are actually scammers law enforcement using the site for entrapment and exploitation.»

On September 15, Filtermag.org printed an article that interviewed lots of drug users from Russia to observe how they were dealing with the Covid-19 pandemic. A few of the people interviewed leveraged the flourishing DNM economy in Russia, and specifically discussed Hydra’s involved delivery surgeries.

One user called Sasha said that Hydra and the heavy net was beneficial toward getting drugs during the pandemic. Sasha clarifies that a number of Hydra sellers are leveraging»geotagged» locations so people don’t even have to fulfill.

«During the epidemic, a very trendy purpose of delivery seemed on Hydra,» Sasha said in her interview. «To use it, you have to pay five million rubles [$67], but the’treasure’ (drugs) is placed as near as possible to the location you suggested. The pleasure is not cheap, but maybe this kind of trend is summarized in relation to the pandemic and lockdowns.»

The primary payment system that facilitates trade on Hydra is bitcoin (BTC). Hydra even shows a cost ticker on the top right of its own platform to ensure that its users are conscious of the current worth of bitcoin in both US dollars (USD) and Russian rubles (RUB). A report by blockchain analysis firm Chainanalysis estimates that Hydra created over $1.2 billion in crypto earnings between June 2019 and July 2020.

Vendors, for example Walt Disney Drugs, Pyramid Market, and PokemonGo, flaunt their merchandise, which includes detailed descriptions and customer testimonials to make sure buyers know what they’re purchasing.

In December 2019, the Hydra team announced several new endeavors. These included an ICO to fund a growth into new markets, including Eternos, a new DNM for Western consumers, and AspaNET, an alternative to TOR. While there’s uncertainty regarding the present status of these jobs, in June of this year that the Hydra team stated that the projects had been delayed due to the pandemic.

The Russian darknet marketplace is one of the biggest illegal marketplaces working on the dark net. The platform has been launched in 2015 to provide vendors with the capability to make individual online shops to advertise their merchandise. It’s older than any of the present Western DNMs.

Hydra, Russia’s biggest darknet marketplace generated more than $1.2 billion in crypto earnings between June 2019 and July 2020 and now plans to launch a new darknet market targeting Western consumers. Can it be the most illegal market thus far?

Hydra primarily functions as a market for drugs however other contraband such as fake passports, stolen credit cards, along with counterfeit money is also available. In this way, the market is similar to its pioneering predecessor Silk Road.

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