The principal payment system that facilitates transaction on Hydra is bitcoin (BTC). Hydra even shows a cost ticker on the top right of its own platform to make sure that its customers are conscious of the current worth of bitcoin in both US dollars (USD) and Russian rubles (RUB). A report by blockchain analysis firm Chainanalysis estimates that Hydra generated more than $1.2 billion in crypto revenue between June 2019 and July 2020.
In lots of ways, darknet marketplaces like Hydra mimic the consumer experience of internet retail platforms such as Amazon, which can be among the factors which contribute to their popularity with users ready to engage with prohibited market places.
Hydra's'Complex Drug Delivery System' at Russia Overshadows Western Darknet Markets
On September 14, the blockchain analysis firm Chainalysis reported to the notorious Russian darknet marketplace (DNM) known as Hydra and noted that the DNM is Eastern Europe's"sixth-largest service by volume in the area." In addition, the report also reveals that Hydra has created a"complicated drug delivery system" within Russia and throughout various countries in Europe too.
In 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 about the aftermath and the way DNM patrons scrambled to locate options.On Monday, Chainalysis
released a report regarding the cryptocurrency market activity in Eastern Europe this year, and the company's discovering touched upon the Russian DNM named Hydra. However, Hydra catered it's main focus on drugs and RAMP vanished in late 2017. Reports emphasize that following RAMP's departure,"Hydra seen an increase in consumer registrations and seller activity."
Hydra's Dropgangs and Dead Drops
To provide their product, Hydra sellers use a method of GPS-located hiding spots. Vendors employ a network of couriers who deliver contraband purchases to a previously agreed upon hidden place. Once sent, the purchaser receives the GPS coordinates for retrieval. This is the planet's most sophisticated DNM distribution platform. It means there's no in-person exchange demanded, and it avoids the requirement for authorities controlled delivery services. This method of delivery is only available in Russia and big cities across The Commonwealth of Independent States (CIS) (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine).
The Russian darknet marketplace is among the largest illegal marketplaces working on the dark net. The platform has been established in 2015 to provide sellers with the capability to make individual online shops to advertise their products. It's older than any of the current Western DNMs. These included an ICO to fund an expansion into new markets, Eternos, a new DNM for Western users, and AspaNET, an alternative to TOR. Though there is uncertainty as to the current status of these projects, in June of this year that the Hydra team stated that the jobs had been delayed due to the outbreak. In this way, the current market is comparable to the pioneering predecessor Silk Road.Hydra, Russia's largest
darknet marketplace generated over $1.2 billion in crypto revenue between June 2019 and July 2020 and today intends to launch a brand new darknet market targeting Western consumers. Can it be the most illegal market to date?
Besides drugs, Hydra also allows vendors to market different kinds of commodities like electronic products, SIM cards, and other miscellaneous items.The Chainalysis report notes these days, the DNM Hydra, is
currently Eastern Europe's"sixth-largest" crypto support by volume in the area.
"As one of the largest darknet markets in the world, Hydra has assembled out a complex drug delivery program in Russia and other Eastern European nations," the Chainalysis report notes.
"Couriers get shipping orders in a way very similar to Uber drivers and fall off packages in discrete places broadcast to buyers later in order that neither party ever has to find each other or make an online exchange exchange. No other areas are comparable in terms of darknet market revenue or sophistication of surgeries," the Chainalysis Eastern European study concluded."Hydra prefers severe Russian drug vendors, just allowing
sellers who would like to pay'rent' because of their shops and requiring a monthly payment of $100 USD for use of the support," Darkowl.com writes. "This [method] reduces the odds of vendors who are actually scammers or law enforcement utilizing the site for entrapment and manipulation."
On September 15, Filtermag.org published 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 individuals interviewed leveraged the thriving DNM economy in Russia, and specifically discussed Hydra's involved delivery operations.
One consumer called Sasha said that Hydra and the deep net was beneficial toward getting drugs during the pandemic. Sasha clarifies a number of Hydra vendors are leveraging"geotagged" places so people don't even have to fulfill.
"During the outbreak, a very trendy purpose of delivery seemed on Hydra," Sasha said in her interview. "To use it, you have to pay five thousand rubles [$67], but the'treasure' (medication ) is placed as near as possible to the location you suggested. The pleasure is not affordable, but perhaps this kind of trend is summarized in connection with the pandemic and lockdowns."
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