Ars Technica cites Flashpoint’s Investigating Hydra research.
“In 2020, it had annual revenue of more than $1.37 billion, according to a 2021 report jointly published by security firm Flashpoint and blockchain analysis company Chainalysis.”
Ars Technica cites Flashpoint and Chainalysis research showing Hydra facilitated over $5 billion in cybercrime transactions before its takedown.
What was Hydra and why was it significant?
Hydra was the world’s largest darknet cybercrime marketplace, facilitating drug sales, document fraud, and cryptocurrency laundering at massive scale.
How large was Hydra’s financial footprint?
Hydra processed more than $5 billion in transactions and served roughly 17 million customers, according to Flashpoint and Chainalysis research.
How did Flashpoint investigate Hydra’s cryptocurrency activity?
Flashpoint partnered with Chainalysis to trace Hydra-linked cryptocurrency flows, identifying laundering services and operator infrastructure. Learn more: Investigating Hydra: Where Cryptocurrency Roads All Lead to Russia and Go Dark.
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