One Word: Hydra Market Onion

Vendors, such as Walt Disney Drugs, Pyramid Marketplace, and PokemonGo, show off their merchandise, which comes with detailed descriptions and customer testimonials to ensure buyers are aware of what they’re purchasing.

Hydra’s’Sophisticated Drug Delivery System’ at Russia Overshadows Western Darknet Markets

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 region.» In addition, the report also reveals that Hydra has created a»complicated drug delivery program» inside Russia and throughout several countries in Europe as well.

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 leave scam on August 22. News.Bitcoin.com reported on the aftermath and the way DNM patrons scrambled to find alternatives.

On Monday, Chainalysis released a report about the cryptocurrency market activity in Eastern Europe this year, along with the organization’s finding touched on the Russian DNM named Hydra. However, Hydra catered it’s primary focus on drugs and RAMP disappeared in late 2017. Reports highlight that following RAMP’s passing,»Hydra witnessed a rise in consumer registrations and vendor activity.»

Hydra’s Dropgangs and Dead Drops

Besides medication, Hydra also allows vendors to sell other kinds of wares like digital products, SIM cards, and other miscellaneous products.

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 built a intricate drug delivery program in Russia and other Eastern European countries,» the Chainalysis record notes.

«Couriers get delivery orders in a manner very similar to Uber drivers and drop off packages in different locations broadcast to buyers afterwards so that neither party ever has to find each other or make an online exchange exchange. No other areas are similar concerning darknet market revenue or elegance of operations,» the Chainalysis Eastern European study concluded.

«Hydra prefers severe Russian medication vendors, only allowing sellers who would like to pay’rent’ for their shops and requiring a monthly payment of over $100 USD for use of their support,» Darkowl.com writes. «This [method] reduces the likelihood of vendors who 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 see how they were dealing with the Covid-19 pandemic. Some of the individuals interviewed leveraged the flourishing DNM market in Russia, and especially spoke Hydra’s involved delivery surgeries.

One consumer called Sasha said that Hydra and the heavy net was beneficial toward obtaining drugs during the pandemic. Sasha explains a number of Hydra sellers are leveraging»geotagged» locations so people don’t even have to fulfill.

«During the epidemic, a very trendy function of delivery seemed on Hydra,» Sasha said in her interview. «To use it, you have to pay five thousand rubles [$67], however the’treasure’ (drugs) is put as close as possible to the location you suggested. The pleasure is not affordable, but perhaps such a trend is outlined in connection with the pandemic and lockdowns.»

Hydra, Russia’s largest darknet marketplace generated over $1.2 billion in crypto revenue between June 2019 and July 2020 and now plans to establish a new darknet market targeting Western users. Can it be the most illegal token sale thus far?

The Russian darknet marketplace is among the biggest illegal marketplaces working on the dark net. The platform has been established in 2015 to provide sellers with the capability to make individual online shops to advertise their products. It’s older than any of the current Western DNMs. These comprised an ICO to finance an expansion into new markets, including Eternos, a new DNM for Western consumers, and AspaNET, a substitute for TOR. While there is doubt as to the present status of these projects, in June of the year the Hydra team stated that the projects had been delayed on account of the pandemic.

To provide their merchandise, Hydra sellers use a method of GPS-located hiding spots. Vendors employ a network of couriers who deliver contraband purchases to a previously agreed upon hidden place. Once delivered, the buyer gets the GPS coordinates for recovery. This is the world’s most complex DNM distribution platform. This means there’s no in-person exchange required, and it avoids the requirement for government controlled delivery solutions.

Hydra primarily functions as a marketplace for drugs however other contraband such as fake passports, stolen credit cards, and counterfeit money is also offered. In this way, the current market is comparable to its pioneering predecessor Silk Road.

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