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Case Study: Hydra—Russia’s Largest Dark Market

Launched in 2015, Hydra is the most prominent Russian darknet market and likely the largest darknet market in the world. Hydra is Russian in origin and serves the following countries: Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan, and Moldova. Hydra became the top Russian darknet market in 2017, after the closure of RAMP…

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Nearly $1B from Silk Road Move for First Time Since 2015

UPDATE: According to a November 5 US Department of Justice complaint, the 69000+ BTC (and the BCH, BSV, and BTG equivalents) that were moved earlier this week were in fact seized by the US DOJ. The complaint adds that the individual that moved the funds (Individual X) was able to hack into Silk Road back…

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Record Number of Dark Markets Online as Demand for Illicit Goods and Services Continues to Grow

The criminal environment of darknet markets is extremely turbulent. Numerous darknet markets are launched every year and just as many are constantly exiting, being seized, or otherwise going defunct. Despite this barrage, CipherTrace has noted more dark markets online than ever before. CipherTrace researchers are currently monitoring over 35 active darknet markets. The newest darknet…

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Could Cryptocurrency Analytics Tip the Balance in America’s War on Opioids?

At the core of a growing opioid crisis is the deadliest drug in the US—Fentanyl. According to Canada’s RCMP and the US DEA, the lethal dose for pure Fentanyl is estimated at 2 milligrams (mgs) for a typical adult. To put that in perspective, first responders need to take caution responding to overdoses involving Fentanyl…

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