Life, Death and Hydra Dark Link

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 region.» Moreover, the report also reveals that Hydra has created a»complicated drug delivery system» within Russia and throughout several countries in Europe too.

Vendors, such as Walt Disney Drugs, Pyramid Marketplace, and PokemonGo, flaunt their merchandise, which comes with detailed descriptions and customer testimonials to make sure buyers are aware of what they are purchasing.

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

On September 15, Filtermag.org published an article that interviewed lots of drug users from Russia to see how they were coping with all the Covid-19 pandemic. A few of the individuals interviewed leveraged the flourishing DNM economy in Russia, and specifically spoke Hydra’s involved delivery surgeries.

Hydra, Russia’s largest darknet marketplace generated over $1.2 billion in crypto revenue between June 2019 and July 2020 and now plans to launch a brand new darknet market targeting Western consumers. Was it the most illegal market to date?

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

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

The Russian darknet marketplace is one of the largest illegal marketplaces operating on the dark web. The platform was launched in 2015 to provide sellers with the ability to create individual online shops to market their merchandise. It is older than some of the current Western DNMs. These comprised an ICO to fund an expansion into new markets, including Eternos, a new DNM for Western consumers, and AspaNET, a substitute for TOR. Though there is uncertainty regarding the present status of these jobs, in June of the year that the Hydra team said that the jobs had been postponed due to the outbreak.

The darknet marketplace Hydra was started in 2015 and it ran alongside the notorious Russian Anonymous Marketplace (RAMP). But, Hydra catered it’s primary focus on medication and RAMP disappeared in late 2017. Reports emphasize that following RAMP’s departure,»Hydra witnessed an increase in consumer registrations and vendor action.»

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

«Throughout the epidemic, a very trendy purpose of delivery seemed on Hydra,» Sasha said in her interview. «To use it, you have to pay five thousand rubles [$67], however the’treasure’ (drugs) is put as near as possible to the place you indicated. The pleasure isn’t cheap, but perhaps such a trend is outlined in relation to the pandemic and lockdowns.»

«Couriers get shipping orders in a way very similar to Uber drivers and drop off packages in discrete places broadcast to buyers afterwards so that neither party ever has to see each other or create an online exchange exchange. No other areas are similar concerning darknet market revenue or elegance of operations,» the Chainalysis Eastern European study concluded.

To deliver their product, Hydra vendors use a system of GPS-located hiding spots. Vendors employ a network of couriers who deliver contraband buys to some previously agreed upon hidden place. Once delivered, the buyer gets the GPS coordinates for retrieval. This is the planet’s most sophisticated DNM distribution platform. This means there is no in-person exchange required, and it bypasses the requirement for authorities controlled delivery services.

The principal payment method that facilitates trade on Hydra is bitcoin (BTC). Hydra also reveals a price ticker on the top of its own platform to ensure that its users are conscious of the present value 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.

In many ways, darknet marketplaces such as Hydra mimic the user experience of online retail platforms like Amazon, which can be among the aspects that lead to their popularity with customers ready to participate with illegal market places.

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