Life, Death and Hydra Dark Link

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

About Monday, Chainalysis published a report regarding the cryptocurrency market action in Eastern Europe this year, and the organization’s finding touched on the Russian DNM called Hydra. However, Hydra catered it’s primary focus on medication and RAMP disappeared in late 2017. Reports highlight that after RAMP’s passing,»Hydra seen an increase in consumer registrations and vendor action.»

One consumer named Sasha reported that Hydra and the heavy net was beneficial toward obtaining drugs throughout the pandemic. Sasha clarifies a number of Hydra vendors are leveraging»geotagged» places so people don’t even have to meet.

Vendors, for example Walt Disney Drugs, Pyramid Market, and PokemonGo, flaunt their merchandise, which comes with detailed descriptions and customer reviews to ensure buyers are aware of what they are buying.

To provide their merchandise, Hydra sellers use a method of GPS-located hiding stains. Vendors employ a network of couriers who deliver contraband purchases to a previously agreed upon hidden place. Once delivered, the buyer receives the GPS coordinates for recovery. This is the planet’s most sophisticated DNM distribution system. This means there is no in-person exchange required, and it bypasses the need for authorities controlled delivery solutions. This method of delivery is only available in Russia and big towns across The Commonwealth of Independent States (CIS) (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine).

In many ways, darknet marketplaces like Hydra mimic the consumer experience of internet retail platforms such as Amazon, which is among the factors which lead to their popularity with customers ready to engage with illegal market places.

The principal payment method that facilitates trade on Hydra is bitcoin (BTC). Hydra also shows a price ticker on the top of its 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 more than $1.2 billion in crypto revenue between June 2019 and July 2020.

On September 14, the blockchain analysis firm Chainalysis reported to the infamous Russian darknet marketplace (DNM) known as Hydra and also noted the DNM is Eastern Europe’s»sixth-largest service by volume in the area.» In addition, the report also reveals that Hydra has created a»complex drug delivery system» inside Russia and throughout several countries in Europe too.

«During the epidemic, a very trendy function of delivery appeared on Hydra,» Sasha said in her interview. «To use it, you need to pay five million rubles [$67], but the’treasure’ (drugs) is put as close as possible to the place you indicated. The pleasure is not cheap, but maybe such a trend is summarized in relation to the pandemic and lockdowns.»

«Couriers get shipping orders in a way similar to Uber drivers and drop off packages in different locations broadcast to buyers afterwards in order that neither party has to see each other or make an online exchange exchange. No other regions are similar concerning darknet market earnings or elegance of operations,» the Chainalysis Eastern European study concluded.

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

The Russian darknet marketplace is among the largest prohibited marketplaces operating on the dark net. The platform was established in 2015 to provide sellers with the capability to make individual online shops to market their products. It’s older than any of the current Western DNMs.

In December 2019, the Hydra team announced several new endeavors. These comprised an ICO to finance an expansion into new markets, Eternos, a new DNM for Western users, and AspaNET, a substitute for TOR. Though there’s uncertainty regarding the current status of those projects, in June of the year that the Hydra team stated that the jobs had been postponed due to the pandemic. In this sense, the current market is similar to its pioneering predecessor Silk Road.

«Hydra prefers serious Russian drug sellers, 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 support,» Darkowl.com writes. «This [method] reduces the likelihood of sellers that are actually scammers law enforcement using the site for entrapment and manipulation.»

On September 15, Filtermag.org published an article that interviewed lots of drug users from Russia to observe how they were dealing with all the Covid-19 pandemic. A few of the people interviewed leveraged the thriving DNM market in Russia, and especially spoke Hydra’s involved delivery operations.

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