Why Hydra Market Onion Is No Friend To Small Business

The Russian darknet marketplace is among the largest illegal marketplaces operating on the dark web. The platform was launched in 2015 to provide sellers with the ability to create individual online stores to advertise their products. It is older than some of the present Western DNMs.

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

To provide their merchandise, Hydra vendors utilize a method of GPS-located hiding stains. Vendors employ a network of couriers who deliver contraband purchases to a previously agreed upon hidden location. Once sent, the buyer receives the GPS coordinates for recovery. This is the world’s most sophisticated DNM distribution platform. It means there is no in-person exchange demanded, and it bypasses the requirement for government 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).

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

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

Russia’s Hydra Market: The 6th Largest Crypto Service by Volume in Eastern Europe

At the end of August, the darknet marketplace (DNM) community said goodbye to the Empire Market, which suddenly decided to exit scam on August 22. 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 activity in Eastern Europe this season, along with the organization’s discovering touched upon the Russian DNM named Hydra. However, Hydra catered it’s main focus on medication and RAMP vanished in late 2017. Reports emphasize that following RAMP’s passing,»Hydra seen a rise in user registrations and seller action.»

Hydra’s Dropgangs and Dead Drops

Besides drugs, Hydra also allows vendors to market other types 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 volume in the region.

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

«Couriers get delivery orders in a way very similar to Uber drivers and fall off packages in discrete locations broadcast to buyers afterwards in order that neither party has to see each other or make an in-person exchange. No other regions are comparable in terms of darknet market revenue or elegance of surgeries,» that the Chainalysis Eastern European study concluded.

«Hydra prefers serious Russian drug vendors, only allowing sellers who are willing to pay’rent’ because of their shops and requiring a monthly payment of over $100 USD for use of the support,» Darkowl.com writes. «This [method] reduces the likelihood of vendors who are actually scammers law enforcement utilizing the site for entrapment and exploitation.»

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

One user called Sasha reported that Hydra and the heavy web was beneficial toward getting drugs during the pandemic. Sasha explains that a number of Hydra sellers are leveraging»geotagged» places so people don’t even have to meet.

«During the outbreak, a very trendy purpose of delivery appeared on Hydra,» Sasha said in her interview. «To use it, you need to pay five million rubles [$67], however the’treasure’ (drugs) is put as near as possible to the place you suggested. The pleasure isn’t affordable, but perhaps this kind of trend is outlined in connection with the pandemic and lockdowns.»

The principal payment system that facilitates trade on Hydra is bitcoin (BTC). Hydra also reveals a cost ticker on the top right of its own platform to ensure that its customers are aware 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 created over $1.2 billion in crypto revenue between June 2019 and July 2020.

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