Darknet Marketplace Revenue Plummets After Hydra Raid

Revenue at dark web illicit marketplaces plunged in 2022 following seizure by U.S. and German police last spring of what was then the world’s largest online bazaar for illegal goods and services.

The April shutdown of the Russian-speaking Hydra Market sent the illicit world of Russian-language darknet markets into a tailspin that cut overall revenue for sellers by half, finds a report by Chainalysis. The blockchain analysis firm says blockchain activity shows that at the end of 2002, dark web markets had $1.3 billion in revenue, a substantial decline from $2.6 billion in revenue earned during the previous year.

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Source: GovInfosecurity