Blockchain & Cryptocurrency , Cybercrime , Cybercrime as-a-service

Cybercrime Deep Dive: Hydra Marketplace Takeaways

Darknet Market Money Laundering Tools Popular, Chainalysis' Kimberly Grauer Says
Kim Grauer, director of research, Chainalysis

Why do darknet markets continue to thrive despite the prevalence of law enforcement infiltration, disruptions and exit scams? Blame a lack of good alternatives, as well as markets so often providing easy access to buyers, sellers and valuable services, such as cryptocurrency mixing tools and other money laundering facilities, says Kim Grauer, director of research at blockchain analytics firm Chainalysis.

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In a video interview with Information Security Media Group at RSA Conference 2022, where she served as a panelist on the session "Hydra Marketplace: Where Crypto Money Laundering Trail Goes Cold," Grauer discusses:

  • Why darknet markets continue to thrive;
  • How cybercriminals use Hydra Marketplace;
  • How darknet markets and other cybercrime services, including money laundering, will likely evolve.

Grauer examines trends in cryptocurrency economics and crime. She was trained in economics at the London School of Economics and in politics at Oxford University. Previously, she explored technological advancements in developing countries as an academic research associate at the London School of Economics and was an economics researcher at the New York City Economic Development Corp.

About the Author

Mathew J. Schwartz

Mathew J. Schwartz

Executive Editor, DataBreachToday & Europe, ISMG

Schwartz is an award-winning journalist with two decades of experience in magazines, newspapers and electronic media. He has covered the information security and privacy sector throughout his career. Before joining Information Security Media Group in 2014, where he now serves as the executive editor, DataBreachToday and for European news coverage, Schwartz was the information security beat reporter for InformationWeek and a frequent contributor to DarkReading, among other publications. He lives in Scotland.

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