Darknet Market had A Record 2024, Led

The mega darknet market, the place cryptocurrency is used to buy and sell illicit goods online, generated file income final yr, led by the Russian bazaar Hydra, based on a analysis report by blockchain forensics agency Chainalysis.

Revenue rose 23% to $1.75 billion of cryptocurrency in 2020 even as the number of complete darknet purchases fell, the firm said. Revenue at Hydra, which only serves Russian-speaking international locations, jumped 33% to $1.37 billion, accounting for greater than 75% of gross sales worldwide.