Russian dark web marketplace Hydra cryptocurrency transactions reached $1.37bn in 2020

An investigation into the Hydra marketplace has revealed surging transaction volumes and a thriving — albeit illicit — cryptocurrency ecosystem.

On Tuesday, Flashpoint and Chainalysis jointly released a report into Hydra, a marketplace in the dark web.

At its inception in 2015, 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 IDs, fake banknotes, and cyberattack services, among other offerings.

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Source: ZDNet