The Hydra Dark Link Trap

Hydra, Russia’s biggest darknet marketplace generated more than $1.2 billion in crypto revenue 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?

The primary payment system that facilitates transaction on Hydra is bitcoin (BTC). Hydra also shows a price ticker on the top of its platform to make sure that its users are conscious 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 created over $1.2 billion in crypto revenue between June 2019 and July 2020.

One consumer named Sasha said that Hydra and the heavy web was beneficial toward obtaining drugs during the pandemic. Sasha clarifies a range of Hydra vendors are leveraging»geotagged» places so people don’t have to meet.

To deliver their product, 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 place. Once sent, the purchaser receives the GPS coordinates for retrieval. This is the world’s most complex DNM distribution system. It means there’s not any in-person exchange demanded, and it avoids the need for government controlled delivery solutions.

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

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

At 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 how DNM patrons scrambled to find alternatives.

«During the epidemic, a very trendy function of delivery appeared on Hydra,» Sasha said in her interview. «To use it, you need to pay five thousand rubles [$67], however the’treasure’ (drugs) is placed as close as possible to the location you indicated. The pleasure isn’t cheap, but maybe this kind of trend is outlined in connection with the pandemic and lockdowns.»

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

On September 14, the blockchain analysis company Chainalysis reported to the notorious Russian darknet marketplace (DNM) called Hydra and also noted that the DNM is Eastern Europe’s»sixth-largest service by volume in the area.» Moreover, the report also reveals that Hydra has produced a»complicated drug delivery program» within Russia and throughout several countries in Europe too.

Hydra primarily functions as a market for drugs but other contraband such as fake passports, stolen credit cards, along with counterfeit money is also available. In this way, the current market is similar to the pioneering predecessor Silk Road.

The Russian darknet marketplace is among the biggest illegal marketplaces working on the dark net. The platform was launched in 2015 to provide vendors with the capability to make individual online stores to advertise their merchandise. It’s older than some of the current Western DNMs. These comprised an ICO to fund an expansion into new markets, including Eternos, a brand new DNM for Western users, and AspaNET, a substitute for TOR. While there is doubt regarding the current status of those projects, in June of this year the Hydra team said that the projects were postponed due to the outbreak.

In many ways, darknet marketplaces such as Hydra mimic the consumer experience of online retail platforms such as Amazon, which can be one of those aspects that lead to their popularity with users ready to participate with illegal market places.

«Hydra prefers serious Russian drug sellers, just allowing sellers who would like to pay’rent’ for their stores 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 utilizing the website for entrapment and exploitation.»

The darknet marketplace Hydra was launched in 2015 and it ran alongside the notorious Russian Anonymous Marketplace (RAMP). But, Hydra catered it’s main focus on drugs and RAMP disappeared in late 2017. Reports highlight that after RAMP’s passing,»Hydra witnessed an increase in user registrations and vendor action.»

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