Case Study: Hydra—Russia’s Largest Dark Market

Interestingly, despite Hydra Market being Russian and serving only Russia and the surrounding countries, in 2019, 31.2% of criminal BTC received by UK exchanges came from Hydra Market. Some vendors have as few as 2 listings, while others have over 50 listings. https://hydraurzxpne4af.com There are roughly 4,600 vendors on Hydra—an enormous amount. In the Spring 2020 CAML Report, CipherTrace reported to have discovered that 86.8% of all criminal BTC received by Russian exchanges came from Hydra.

This is because the onion site does not have any central server. Onion sites are highly effective, and they can help you increase your profits even without using any money. Everything is done through the servers of other websites that the user visits. Hydra has been an active darknet marketplace catering to the Russian Tor community since the Silk Road days. Hydra is a centralized marketplace featuring many individual vendor-shops similar to RAMP with offerings including drugs, digital goods, and even mobile phone SIM cards.

It resurfaced with a new Tor URL in the summer of 2016, less two years after law enforcement claimed it had arrested and charged the 26 year old market admin and Hungarian resident in November 2014 as part of Operation Onymous. TORREZ ToRReZ Market is a wallet-less market; which means you only send funds when making an order. The market currently supports four cryptocurrencies: Bitcoin, Monero, Litecoin, and Zcash. Both physical goods such as drugs, and digital goods such as software and credit cards, are sold on ToRReZ Market.

VERSUS PROJECT Established in 2019, Versus quickly gained a reputation for a user-friendly UI and intuitive search options. It has gained a lot of users and become a popular marketplace due to its focus on security. Buyers can purchase a range of digital goods and services which include illicit drugs, software and malware, and services related to fraud. The marketplace has over 8,400 listings and 500 vendors who communicate in English and accept Bitcoin for transactions. Presumably, the way it works is if a buyer wants to purchase a product, they can risk a smaller amount of money (rather than pay full price) to have a random chance at either wining and receiving the product for the amount risked or losing and the market keeps the amount of money risked.

Roulette Feature Another unique aspect of Hydra is its roulette feature. In a way, it is a gambling feature integrated directly into the purchase of goods on the market. Hydra Market has listed RAMP, IKLAD, BLACKMARKET, SOLARIS, and RuSilk as previous competitors. Hydra has stated that it will continue « …to suppress any resistance that could have a negative impact on the future of our projects ». Originally, there were several other Russian markets. Hydra launched an aggressive advertisement campaign on YouTube as well as other websites and reportedly conducted DDoS attacks on its competition (unverified).

Hydra became the top Russian darknet market in 2017, after the closure of RAMP (Russian Anonymous Marketplace).

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