The Simple Hydra Market Onion That Wins Customers

Hydra, Russia’s biggest darknet marketplace generated over $1.2 billion in crypto earnings between June 2019 and July 2020 and today intends to establish a new darknet market targeting Western users. Was it the most illegal market thus far?

Besides drugs, Hydra also allows vendors to sell other types of wares like digital products, SIM cards, and other miscellaneous items.

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

«As one of the most significant darknet markets on earth, Hydra has built a complex drug delivery program in Russia and other Eastern European nations,» the Chainalysis record notes.

«Couriers receive shipping orders in a way similar to Uber drivers and fall off packages in different locations broadcast to buyers later so 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 elegance of operations,» that the Chainalysis Eastern European study concluded.

«Hydra prefers serious Russian drug vendors, only allowing sellers that 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 sellers who are actually scammers law enforcement utilizing the site for entrapment and exploitation.»

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

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

«During the epidemic, a very cool purpose of delivery appeared on Hydra,» Sasha said in her interview. «To use it, you need to pay five thousand rubles [$67], however the’treasure’ (medication ) is placed as near as possible to the place you indicated. The pleasure isn’t cheap, but maybe such a trend is summarized in relation to the pandemic and lockdowns.»

Hydra’s’Sophisticated Drug Delivery System’ at 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 noted that the DNM is Eastern Europe’s»sixth-largest service by quantity in the area.» Moreover, the report also shows that Hydra has created a»complicated drug delivery system» within Russia and throughout several 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 find alternatives.

On Monday, Chainalysis published a report about the cryptocurrency market activity in Eastern Europe this year, and the organization’s discovering touched upon the Russian DNM named 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 primary focus on medication and RAMP vanished in late 2017. Reports highlight that following RAMP’s departure,»Hydra seen a rise in user registrations and vendor activity.»

Hydra’s Dropgangs and Dead Drops

To deliver their merchandise, Hydra vendors utilize a system of GPS-located hiding spots. Vendors employ a network of couriers who deliver contraband purchases to a previously agreed upon concealed place. Once sent, the purchaser receives the GPS coordinates for recovery. This is the world’s most sophisticated DNM distribution platform. It means there’s no in-person exchange required, and it bypasses the requirement for authorities controlled delivery services.

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

In many ways, darknet marketplaces like Hydra mimic the user experience of internet retail platforms like Amazon, which is among those factors that contribute to their popularity with users ready to participate with illegal market places.

The Russian darknet marketplace is among the biggest illegal marketplaces working on the dark web. The platform has been established in 2015 to provide vendors with the ability to create individual online stores to advertise their merchandise. It’s older than some of the present Western DNMs.

Vendors, for example Walt Disney Drugs, Pyramid Market, and PokemonGo, flaunt their product, which includes detailed descriptions and customer reviews to make sure buyers are aware of what they’re buying.

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