Life, Death and Hydra Dark Link

The primary payment system that facilitates trade on Hydra is bitcoin (BTC). Hydra also shows a price ticker on the top of its own platform to make sure 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 firm Chainanalysis estimates that Hydra generated over $1.2 billion in crypto earnings between June 2019 and July 2020.

The Russian darknet marketplace is among the biggest prohibited marketplaces working on the dark web. The platform has been established in 2015 to provide vendors with the capability to make individual online stores to market their merchandise. It’s older than some of the present Western DNMs.

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

On September 14, the blockchain analysis firm Chainalysis reported to 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.» Moreover, the report also reveals that Hydra has produced a»complicated drug delivery program» inside Russia and throughout several countries in Europe too.

Russia’s Hydra Market: The 6th Largest Crypto Service by Volume in Eastern Europe

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

On Monday, Chainalysis published a report regarding the cryptocurrency market activity in Eastern Europe this year, and the company’s finding touched upon the Russian DNM named Hydra.

The darknet marketplace Hydra was started in 2015 and it ran alongside the infamous Russian Anonymous Marketplace (RAMP). However, Hydra catered it’s main focus on medication and RAMP disappeared in late 2017. Reports highlight that after RAMP’s passing,»Hydra witnessed a rise in user registrations and seller action.»

Hydra’s Dropgangs and Dead Drops

Besides drugs, Hydra also allows vendors to market different kinds of wares like digital goods, SIM cards, and other miscellaneous items.

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

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

«Couriers receive delivery orders in a way similar to Uber drivers and fall off packages in different places broadcast to buyers later so that neither party has to see each other or create an in-person exchange. No other regions are comparable in terms of darknet market revenue or elegance of operations,» that the Chainalysis Eastern European study concluded.

«Hydra prefers serious Russian medication vendors, just allowing sellers who are willing to pay’rent’ for their stores 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 law enforcement using 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. A few of the individuals interviewed leveraged the flourishing DNM market in Russia, and specifically spoke Hydra’s involved delivery operations.

One consumer called Sasha reported that Hydra and the heavy web was beneficial toward getting drugs during the pandemic. Sasha explains that a range of Hydra vendors are leveraging»geotagged» locations so people don’t have to meet.

«Throughout the epidemic, a very cool purpose of delivery appeared 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 indicated. The pleasure is not affordable, but perhaps such a trend is outlined in connection with the pandemic and lockdowns.»

In lots of ways, darknet marketplaces such as Hydra mimic the user experience of online retail platforms such as Amazon, which is among the aspects that contribute to their popularity with customers prepared to participate with prohibited market places.

In December 2019, the Hydra team announced several new endeavors. These comprised an ICO to finance a growth into new markets, Eternos, a brand new DNM for Western consumers, and AspaNET, an alternative to TOR. Though there is doubt as to the current status of those jobs, in June of this year that the Hydra team said that the jobs had been delayed on account of the pandemic.

Hydra, Russia’s biggest darknet marketplace generated over $1.2 billion in crypto earnings between June 2019 and July 2020 and today plans to establish a brand new darknet market targeting Western users.

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