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Cyber Security

Russian Hydra DarkNet Market Made Over $1.3 Billion in 2020

Russian-language dark web marketplace Hydra has emerged as a hotspot for illicit activities, pulling in a whopping $1.37 billion worth of cryptocurrencies in 2020. Hydra accounts for over 75% of darknet market revenue worldwide in 2020, positioning it as a major player in the crypto crime landscape in Eastern Europe. Hydra opened as a competitor to the now-defunct Russian Anonymous Marketplace (aka RAMP) before becoming a bazaar for all things criminal, including offering BTC cash-out services and peddling stolen credit cards, ID cards, documents, and counterfeit money.

Source: https://thehackernews.com/2021/05/russian-hydra-darknet-market-made-over.html

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