On September 14, the blockchain analysis firm Chainalysis reported on the infamous Russian darknet marketplace (DNM) known as Hydra and noted the DNM is Eastern Europe’s “sixth-largest service by volume in the region.” Moreover, the report also reveals that Hydra has created a “complex drug delivery system” inside Russia and throughout various countries in Europe as well.
At the end of August, the darknet marketplace (DNM) community said goodbye to the Empire Market, which unexpectedly decided to exit scam on August 22. News.Bitcoin.com
On Monday, Chainalysis published a report about the cryptocurrency market action in Eastern Europe this year, and the company’s finding touched upon the Russian DNM called Hydra.
The darknet marketplace Hydra was launched in 2015 and it
Besides drugs, Hydra also allows vendors to sell other types of wares like digital goods, 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 region. Moreover, Chainalysis details that Hydra uses a very involved scheme for deliveries.
“As one of the largest darknet markets in the world, Hydra has built out a complex drug delivery system in Russia and other Eastern European countries,” the Chainalysis
“Couriers receive delivery orders in a manner similar to Uber drivers and drop off packages in discrete locations broadcast to buyers later so that neither party ever has to see each other or make an in-person exchange. No other regions are comparable in terms of darknet market revenue or sophistication of operations,” the Chainalysis Eastern European study concluded.
On September 15, Filtermag.org published an article that interviewed a number of drug users from Russia to see how they were dealing with the Covid-19 pandemic. A few of the individuals interviewed leveraged the thriving DNM economy in Russia, and specifically discussed Hydra’s involved delivery operations.
One user named Sasha
“During the epidemic, a very cool function of delivery appeared on Hydra,” Sasha said in her interview. “To use it, you need to pay five thousand rubles [$67], but the ‘treasure’ (drugs) is placed as close as possible to the place you indicated. The pleasure is not cheap, but perhaps such a trend is outlined in connection with the pandemic and lockdowns.”
In a 2019
In the Chainalysis study published this week, the research notes that Eastern Europe dominates with the most DNM activity, in terms of DNM value sent to a specific region. Eastern Europe is followed by Western Europe, Central & Southern Asia, East Asia, and Latin America. Estimates from a
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