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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. Market administrators often steal buyers’ and sellers’ cryptocurrency via “exit scams” “Hydra is really the crux of this,” says Chainalysis head Kim Grauer, head of research at Chainalysis says. “Fraud shops” – selling stolen payment card data, hacking tools and counterfeit payment cards – had more revenue than markets that sold illicit drugs.”]

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

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