Hydra Market Onion Strategies For The Entrepreneurially Challenged

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 noted the DNM is Eastern Europe’s»sixth-largest service by quantity in the area.» Moreover, the report also shows that Hydra has created a»complicated drug delivery system» within Russia and throughout several countries in Europe too. News.Bitcoin.com reported on the aftermath and how DNM patrons scrambled to locate alternatives.

On Monday, Chainalysis published a report about the cryptocurrency market activity in Eastern Europe this year, along with the organization’s finding touched upon the Russian DNM called Hydra. But, Hydra catered it’s primary focus on drugs and RAMP vanished in late 2017. Reports highlight that after RAMP’s departure,»Hydra witnessed a rise in user registrations and vendor 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 products.

The Chainalysis report notes that these days, the DNM Hydra, is currently Eastern Europe’s»sixth-largest» crypto service by volume in the area. Moreover, Chainalysis details that Hydra uses a extremely involved scheme for deliveries.

«As one of the largest darknet markets in the world, Hydra has assembled out a intricate drug delivery program in Russia and other Eastern European countries,» the Chainalysis report notes.

«Couriers get delivery orders in a way very similar to Uber drivers and fall off packages in different places broadcast to buyers later so that neither party ever has to find each other or make an online exchange exchange. No other regions are comparable concerning darknet market earnings or elegance of operations,» that the Chainalysis Eastern European study concluded.

«Hydra prefers serious Russian drug vendors, only allowing sellers that are willing to pay’rent’ because of their shops and requiring a monthly payment of $100 USD for use of the service,» Darkowl.com writes. «This [method] reduces the likelihood of sellers who are actually scammers or law enforcement utilizing the site for entrapment and exploitation.»

On September 15, Filtermag.org published an article that interviewed lots of drug users from Russia to observe how they were dealing with the Covid-19 pandemic. Some of the individuals interviewed leveraged the flourishing DNM market in Russia, and especially discussed Hydra’s involved delivery surgeries.

One consumer named Sasha said that Hydra and the deep net was beneficial toward obtaining drugs during the pandemic. Sasha explains a number of Hydra vendors are leveraging»geotagged» places so people do not have to meet.

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

Hydra, Russia’s largest darknet marketplace generated over $1.2 billion in crypto earnings between June 2019 and July 2020 and today intends to launch a new darknet market targeting Western consumers. Was it the most illegal market thus far?

The Russian darknet marketplace is among the biggest illegal marketplaces working on the dark web. The platform has been established in 2015 to provide vendors with the ability to create individual online shops to advertise their products. It’s older than any of the current Western DNMs. These included an ICO to finance a growth into new markets, Eternos, a brand new DNM for Western consumers, and AspaNET, an alternative to TOR. While there’s doubt as to the current status of these projects, in June of the year that the Hydra team said that the projects had been delayed due to the pandemic.

To provide their merchandise, Hydra vendors use a system of GPS-located hiding stains. Vendors employ a network of couriers who deliver contraband buys to some previously agreed upon concealed place. Once delivered, the purchaser gets the GPS coordinates for retrieval. This is the world’s most sophisticated DNM distribution platform. This means there is no in-person exchange required, and it bypasses the requirement for government controlled delivery solutions.

Vendors, for example Walt Disney Drugs, Pyramid Market, and PokemonGo, flaunt their merchandise, which includes detailed descriptions and customer reviews to make sure buyers are aware of what they’re buying.

Hydra primarily functions as a market for drugs but other contraband such as fake passports, stolen credit cards, and counterfeit money is also offered. In this sense, the market is comparable to the pioneering predecessor Silk Road.

The principal payment system that facilitates transaction on Hydra is bitcoin (BTC). Hydra also reveals a price ticker on the top right of its platform to ensure that its customers are conscious of the present value of bitcoin in both US dollars (USD) and Russian rubles (RUB). A report by blockchain analysis company Chainanalysis estimates that Hydra created over $1.2 billion in crypto revenue between June 2019 and July 2020.

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