One Word: Hydra Market Onion

In December 2019, the Hydra team announced a few new projects. These included an ICO to finance a growth into new markets, including Eternos, a new DNM for Western users, and AspaNET, an alternative to TOR. While there is doubt regarding the present status of those projects, in June of the year the Hydra team stated that the jobs were postponed on account of the pandemic.

The Russian darknet marketplace is among the biggest prohibited marketplaces working on the dark web. The platform was launched in 2015 to provide sellers with the ability to create individual online stores to market their products. It’s older than any of the current Western DNMs.

Hydra primarily functions as a market for drugs however other contraband such as fake passports, stolen credit cards, along with counterfeit currency is also offered. In this sense, the market is similar to the pioneering predecessor Silk Road.

To deliver their product, Hydra sellers use a system of GPS-located hiding stains. Vendors employ a network of couriers who deliver contraband buys to some previously agreed upon hidden location. Once sent, the buyer gets the GPS coordinates for retrieval. This is the planet’s most complex DNM distribution platform. It means there’s no in-person exchange demanded, and it avoids the requirement for government controlled delivery solutions.

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

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

One consumer named Sasha said that Hydra and the heavy web was beneficial toward obtaining drugs throughout the pandemic. Sasha explains that a number of Hydra sellers are leveraging»geotagged» locations so people do not have to fulfill.

«Throughout the outbreak, a very trendy purpose of delivery seemed on Hydra,» Sasha said in her interview. «To use it, you need to pay five million rubles [$67], but the’treasure’ (medication ) is put as close as possible to the location you suggested. The pleasure isn’t affordable, but maybe this kind of trend is summarized in connection with the pandemic and lockdowns.»

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

The darknet marketplace Hydra was launched in 2015 and it ran alongside the infamous Russian Anonymous Marketplace (RAMP). However, Hydra catered it’s main focus on medication and RAMP vanished in late 2017. Reports emphasize that following RAMP’s departure,»Hydra seen an increase in user registrations and vendor activity.»

Hydra, Russia’s biggest darknet marketplace generated over $1.2 billion in crypto revenue between June 2019 and July 2020 and today intends to launch a new darknet market targeting Western consumers. Can it be the most illegal market to date?

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

The principal payment method that facilitates trade on Hydra is bitcoin (BTC). Hydra even reveals a price ticker on the top of its platform to ensure that its customers are conscious of the present worth 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 revenue between June 2019 and July 2020.

«Couriers receive delivery orders in a manner very 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 create an in-person exchange. No other regions are comparable in terms of darknet market revenue or sophistication of operations,» the Chainalysis Eastern European study concluded.

On September 14, the blockchain analysis company Chainalysis reported to the notorious Russian darknet marketplace (DNM) called Hydra and noted the DNM is Eastern Europe’s»sixth-largest service by quantity in the area.» In addition, the report also shows that Hydra has produced a»complicated drug delivery system» inside Russia and throughout various countries in Europe too.