Listen To Your Customers. They Will Tell You All About Hydra Market Onion

The Russian darknet marketplace is among the largest prohibited marketplaces operating on the dark web. The platform was launched in 2015 to provide sellers with the capability to make individual online shops to market their products. It is older than some of the present Western DNMs.

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

Hydra’s’Complex Drug Delivery System’ in Russia Overshadows Western Darknet Markets

On September 14, the blockchain analysis firm Chainalysis reported to the infamous Russian darknet marketplace (DNM) called Hydra and also noted the DNM is Eastern Europe’s»sixth-largest service by volume in the region.» Moreover, the report also reveals that Hydra has produced a»complex drug delivery program» inside Russia and throughout several countries in Europe too. News.Bitcoin.com reported about the aftermath and how DNM patrons scrambled to locate alternatives.

About Monday, Chainalysis released a report about the cryptocurrency market action in Eastern Europe this year, along with the organization’s finding touched on the Russian DNM named Hydra.

The darknet marketplace Hydra was launched in 2015 and it ran alongside the infamous Russian Anonymous Marketplace (RAMP). But, Hydra catered it’s primary focus on medication and RAMP disappeared in late 2017. Reports highlight that after RAMP’s departure,»Hydra seen an increase in user registrations and seller activity.»

Hydra’s Dropgangs and Dead Drops

The principal payment system that facilitates transaction on Hydra is bitcoin (BTC). Hydra even shows a cost ticker on the top of its platform to make sure that its customers are conscious of the current value 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.

Besides medication, Hydra also allows vendors to market different kinds of commodities like electronic products, SIM cards, and other miscellaneous products.

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

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

«Couriers receive shipping orders in a way similar to Uber drivers and fall off packages in discrete locations broadcast to buyers later in order that neither party ever has to see each other or create an in-person exchange. No other regions are similar in terms of darknet market revenue or sophistication of surgeries,» that the Chainalysis Eastern European study concluded.

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

On September 15, Filtermag.org published an article that interviewed a number of drug users from Russia to see how they were dealing with the Covid-19 pandemic. Some of the individuals interviewed leveraged the thriving DNM economy in Russia, and specifically spoke Hydra’s involved delivery operations.

One consumer named Sasha said 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 do not even have to fulfill.

«Throughout the outbreak, a very cool 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 placed as near as possible to the place you indicated. The pleasure isn’t affordable, but maybe such a trend is summarized in relation to the pandemic and lockdowns.»

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

In many ways, darknet marketplaces like Hydra mimic the consumer experience of online retail platforms like Amazon, which can be among those factors which lead to their popularity with customers prepared to participate with illegal market places.

To deliver their merchandise, Hydra sellers utilize a system of GPS-located hiding spots. Vendors employ a network of couriers who deliver contraband buys to some previously agreed upon concealed location. Once sent, the buyer gets the GPS coordinates for retrieval. This is the planet’s most complex DNM distribution system. This means there’s no in-person exchange required, and it bypasses the need for authorities controlled delivery services. This method of delivery is only available in Russia and big cities across The Commonwealth of Independent States (CIS) (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine).

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