Flashpoint joins TRM Talks to discuss how Hydra’s takedown reflects a broader global strategy against crypto-enabled crime.
“Experts from the U.S. Treasury, Flashpoint, and TRM Labs highlighted how targeting infrastructure, exchanges, and laundering mechanisms can significantly disrupt large-scale darknet markets.”
TRM Labs hosted a TRM Talks discussion featuring Flashpoint experts examining the Hydra darknet marketplace takedown and its impact on illicit cryptocurrency ecosystems.
What was the focus of the TRM Talks discussion on Hydra?
The discussion analyzed the coordinated international takedown of Hydra, the world’s largest and longest-running darknet market, and its role in cryptocurrency-enabled crime.
Why was Hydra significant in the crypto crime ecosystem?
Hydra accounted for an estimated 80% of all darknet market-related cryptocurrency transactions in 2021 and processed approximately $5.2 billion in cryptocurrency since 2015.
How did Flashpoint contribute to the discussion?
A member of the Flashpoint intelligence team provided insight into Hydra’s operational model, its reliance on cryptocurrency laundering services, and how coordinated enforcement actions disrupted the marketplace and its supporting infrastructure.
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