RUSSIAN DARK WEB MARKETPLACE HYDRA CRYPTOCURRENCY TRANSACTIONS REACHED $1.37 BILLION IN 2020

On 25 May, ZD Net reported that an investigation into the Hydra marketplace has revealed surging transaction volumes and a thriving – albeit illicit – cryptocurrency ecosystem.  It says that Hydra was well-known for the sale of narcotics, but as time has gone on, the market has expanded to include stolen credit card data, counterfeit documents including ID, fake banknotes, and cyberattack services, among other offerings. 

https://www-zdnet-com.cdn.ampproject.org/c/s/www.zdnet.com/google-amp/article/china-reiterates-warning-against-cryptocurrency-use-in-transactions/

https://www.flashpoint-intel.com/blog/chainalysis-hydra-cryptocurrency-research/

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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