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Led by Hydra, Darknet Markets Logged Record Revenue

Global Cybercrime Market Revenue Surged to $1.7 billion in 2020, Chainalysis Reports. Hydra accounted for 75% of global darknet market revenue last year, according to Chainalysis. Hydra handled more than $1 billion in cryptocurrency in 2020. “Fraud shops” – selling stolen payment card data, hacking tools and hacking tools – had more revenue than markets that sold illicit drugs. Darknet markets continue to thrive – despite being regularly targeted by law enforcement agencies and site administrators often stealing buyers’ and sellers’ cryptocurrency via “exit scams””]

Source: https://www.cuinfosecurity.com/blogs/led-by-hydra-darknet-markets-logged-record-revenue-p-2990

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