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Hydra’s’Sophisticated Drug Delivery System’ at 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 noted the DNM is Eastern Europe’s»sixth-largest service by quantity in the area.» Moreover, the report also reveals that Hydra has produced 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 the way DNM patrons scrambled to locate alternatives.

On Monday, Chainalysis released a report regarding the cryptocurrency market action in Eastern Europe this season, and the company’s finding touched on the Russian DNM named Hydra. But, Hydra catered it’s main focus on medication and RAMP disappeared in late 2017. Reports emphasize that following RAMP’s departure,»Hydra witnessed an increase in user registrations and vendor action.»

Hydra’s Dropgangs and Dead Drops

In many ways, darknet marketplaces such as Hydra mimic the user experience of internet retail platforms such as Amazon, which is one of the factors that lead to their popularity with users ready to participate with illegal market places.

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

Besides drugs, Hydra also allows vendors to market other types of wares like digital goods, 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 volume in the area. Moreover, Chainalysis details that Hydra uses a very involved scheme for deliveries.

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

«Couriers receive delivery orders in a manner very similar to Uber drivers and drop off packages in discrete locations broadcast to buyers afterwards in order that neither party ever has to find each other or make an online exchange exchange. No other regions are comparable in terms of darknet market revenue or sophistication of operations,» the Chainalysis Eastern European study concluded.

«Hydra prefers severe Russian drug vendors, only allowing sellers who would like to pay’rent’ because of their shops 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 or law enforcement using the website for entrapment and manipulation.»

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

One consumer called Sasha reported that Hydra and the heavy net was beneficial toward getting drugs throughout the pandemic. Sasha clarifies a number of Hydra vendors are leveraging»geotagged» places 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 need to pay five thousand rubles [$67], but the’treasure’ (medication ) is placed as near as possible to the location you indicated. The pleasure isn’t cheap, but maybe this kind of trend is outlined in relation to the pandemic and lockdowns.»

In December 2019, the Hydra team announced several new projects. These comprised an ICO to fund a growth into new markets, Eternos, a brand new DNM for Western consumers, and AspaNET, an alternative to TOR. While there is uncertainty as to the current status of these projects, in June of the year the Hydra team stated that the jobs had been postponed on account of the outbreak. In this sense, the current market is comparable to its pioneering predecessor Silk Road.

To provide their merchandise, Hydra sellers utilize a method of GPS-located hiding spots. 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 world’s most complex DNM distribution platform. This means there is no in-person exchange demanded, and it avoids the requirement for authorities controlled delivery services.

The primary payment method that facilitates trade on Hydra is bitcoin (BTC). Hydra also 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 company Chainanalysis estimates that Hydra generated over $1.2 billion in crypto revenue between June 2019 and July 2020.

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