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Dark Internet Market Revenues Sink 50% In 2024

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작성자 Charla 조회조회 3회 작성일 24-04-06 05:48

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Revenues generated by underground marketplaces skilled a double-digit decline in 2022, due to the closure of the popular Hydra Market in April, in response to Chainalysis.

The blockchain analysis firm said that dark net revenues fell from $3.1bn in 2021 to only $1.5bn final yr, whereas common each day income for all markets dropped from $4.2m just previous to Hydra’s closure to solely $447,000 instantly after.

Although the collective revenues of medicine markets didn’t get better fully, they slowly crawled again up to reach previous ranges due to the success of darknet market, Blacksprut Market and OMG!OMG! Market within the wake of the Hydra takedown.

Criminals migrated to those primarily drug markets in ever larger quantity after in addition they started offering cash laundering providers, as Hydra did, Chainalysis said. Some, like OMG, additionally supply hacking utilities and stolen banking info.

In fact, Chainalysis mentioned OMG has several overlaps with Hydra that will counsel its admins are concerned within the challenge. These embrace the identical "dead drop" trade choices for vendors and consumers, and shared cryptocurrency deposit addresses.

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