One Word: Hydra Market Onion

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

On September 14, the blockchain analysis firm Chainalysis reported to the notorious Russian darknet marketplace (DNM) known as 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 created a»complicated drug delivery system» inside Russia and throughout various countries in Europe as well.

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

News.Bitcoin.com reported about the aftermath and how DNM patrons scrambled to find alternatives.

On Monday, Chainalysis published a report about the cryptocurrency market action in Eastern Europe this year, and the organization’s finding touched on 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 emphasize that following RAMP’s passing,»Hydra witnessed a rise in consumer registrations and seller activity.»

Hydra’s Dropgangs and Dead Drops

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

Besides drugs, Hydra also allows vendors to market different types of wares like digital goods, 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 very involved scheme for deliveries.

«As one of the most significant darknet markets on earth, Hydra has assembled out a complex drug delivery system in Russia and other Eastern European countries,» the Chainalysis record notes.

«Couriers get shipping orders in a manner very similar to Uber drivers and fall off packages in discrete places broadcast to buyers afterwards in order that neither party has to find each other or make an in-person exchange. No other areas are comparable in terms of darknet market earnings or sophistication of surgeries,» the Chainalysis Eastern European study concluded.

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

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

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

«During 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], but the’treasure’ (drugs) is placed as close as possible to the place you suggested. The pleasure isn’t cheap, but maybe this kind of trend is outlined in relation to the pandemic and lockdowns.»

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 market is similar to the pioneering predecessor Silk Road.

To deliver their merchandise, Hydra sellers use a system of GPS-located hiding spots. Vendors employ a network of couriers who deliver contraband buys to some previously agreed upon hidden location. Once delivered, the purchaser gets the GPS coordinates for recovery. This is the planet’s most sophisticated DNM distribution platform. It means there’s not any in-person exchange demanded, and it avoids the requirement for authorities controlled delivery solutions.

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

The Russian darknet marketplace is one of the largest prohibited marketplaces working on the dark net. The platform was launched in 2015 to provide sellers with the capability to make individual online stores to advertise their merchandise. It is older than some of the present Western DNMs. These comprised an ICO to fund an expansion into new markets, Eternos, a new DNM for Western users, and AspaNET, an alternative to TOR. While there is doubt as to the present status of those projects, in June of this year that the Hydra team said that the projects had been postponed on account of the outbreak.

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