The Simple Hydra Market Onion That Wins Customers

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

On September 14, the blockchain analysis firm Chainalysis reported on the notorious Russian darknet marketplace (DNM) known as Hydra and also noted that the DNM is Eastern Europe’s»sixth-largest service by quantity in the area.» Moreover, the report also shows that Hydra has produced a»complex 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.

About Monday, Chainalysis published a report regarding the cryptocurrency market action in Eastern Europe this season, and the company’s finding touched upon the Russian DNM called Hydra.

The darknet marketplace Hydra was started in 2015 and it ran along with the notorious Russian Anonymous Marketplace (RAMP). But, Hydra catered it’s main focus on drugs and RAMP disappeared in late 2017. Reports emphasize that following RAMP’s departure,»Hydra witnessed a rise in consumer registrations and seller action.»

Hydra’s Dropgangs and Dead Drops

Besides drugs, Hydra also allows vendors to market other types of commodities like electronic 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 support by volume in the area. Additionally, Chainalysis details that Hydra uses a very involved scheme for deliveries.

«As one of the largest darknet markets in the world, Hydra has assembled out a complex drug delivery system in Russia and other Eastern European nations,» the Chainalysis record notes.

«Couriers receive shipping orders in a way very similar to Uber drivers and fall off packages in different places broadcast to buyers afterwards in order that neither party ever has to find each other or create an in-person exchange. No other regions are similar concerning darknet market earnings or sophistication of surgeries,» that the Chainalysis Eastern European study concluded.

«Hydra prefers severe Russian drug sellers, only allowing sellers that are willing to pay’rent’ because of their stores 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 law enforcement utilizing the website for entrapment and exploitation.»

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

One user called Sasha said that Hydra and the deep web was beneficial toward obtaining drugs during the pandemic. Sasha clarifies that a range of Hydra sellers are leveraging»geotagged» locations so people don’t 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], however the’treasure’ (drugs) is put as close as possible to the location you suggested. The pleasure is not cheap, but perhaps this kind of trend is outlined in connection with the pandemic and lockdowns.»

In lots of ways, darknet marketplaces like Hydra mimic the consumer experience of internet retail platforms like Amazon, which can be one of the factors which contribute to their popularity with users ready to engage with prohibited market places.

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

The Russian darknet marketplace is one of the largest prohibited marketplaces working on the dark net. The platform has been established in 2015 to provide sellers with the capability to make individual online stores to market their merchandise. It is older than any of the present Western DNMs. These comprised an ICO to fund an expansion into new markets, Eternos, a brand new DNM for Western consumers, and AspaNET, a substitute for TOR. Though there’s uncertainty regarding the present status of those projects, in June of the year the Hydra team stated that the projects had been delayed due to the outbreak. In this way, the current market is comparable to the pioneering predecessor Silk Road.

To provide their product, Hydra vendors utilize a method of GPS-located hiding spots. Vendors employ a network of couriers who deliver contraband purchases to a previously agreed upon concealed location. Once sent, the buyer receives the GPS coordinates for retrieval. This is the world’s most complex DNM distribution platform. This means there’s no in-person exchange required, and it bypasses the need for authorities controlled delivery solutions. This method of delivery is only available in Russia and big towns across The Commonwealth of Independent States (CIS) (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine).

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