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.
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 unexpectedly decided to exit scam on August 22. News.Bitcoin.com reported on the aftermath and how DNM patrons scrambled to find alternatives.
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 ran alongside the notorious Russian Anonymous Marketplace (RAMP). However, Hydra catered it’s main focus on drugs and RAMP disappeared in late 2017. Reports highlight that after RAMP’s departure, “Hydra witnessed an increase in user registrations and vendor activity.”
Hydra’s Dropgangs and Dead Drops
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…