Episode 5 of Public Key, the Chainalysis podcast, is right here! We’re proud to share that this week’s episode options visitors from Chainalysis associate Intel flash level.
You’ll be able to hear or subscribe now on Spotify, Applegold Audible. Hold studying for a full preview of episode 5.
Public Key Episode 5 preview: Russian Darknet Felony Ecosystem, Money Drops and Elaborate Crypto Mixing Strategies
Final month, German authorities with help from US regulation enforcement shut down Hydra Market, which was the world’s largest darknet market by transaction quantity regardless of serving solely Russian-speaking international locations. Quickly after, Hydra was sanctioned by the US authorities as effectively. On this episode of Public Key, our host, Ian Andrews (CMO at Chainalysis) alongside along with his colleague, Kimberly Grauer (Director of Analysis) sit down with Ian Grey (Senior Director, Analysis & Evaluation) and Vlad Cuiujuclu (Crew Lead, World Intel) of our associate firm, Intel flash level to cowl how this historic takedown occurred. They’re going to additionally focus on how Hydra operated for thus lengthy nearly uninterrupted by Russian regulation enforcement, the place Hydra distributors could migrate, and which different darknet markets could step in to fill the large void.
Quote of the episode
Sure, they’ll seize the infrastructure, they’ll seize the crypto, however they won’t arrest the operators who’re probably based mostly within the Russian Federation and, getting any individual extradited from Russia proper now, may be very very troublesome.. – Vlad Cuiujuclu (Crew Lead, World Intel, Flashpoint Intel)
Minute-by-minute episode breakdown
- (2:00) – Behind the scenes of the most important Darknet Marketplace shutdown within the World
- (4:45) – How was such a prolific Darknet Marketplace in a position to function in broad daylight
- (7:15) – Onchain blockchain exercise and main counterparties within the Hydra ecosystem
- (8:53) – The significance of Hydra having its servers in Germany and the way which will have result in the shutdown
- (13:35) – Hidden Treasure and the flowery mixing and money out providers facilitated by Hydra
- (17:00) – How the pandemic slowed Hydra’s development into different areas of Europe
- (21:15) – Discussions on who will fill the void afterHydra being shutdown
- (29:45) – How EU, Singapore and Canada are approaching the Journey Rule with respect to self-hosted wallets
- (32:58) – The Million Greenback Interoperability query and what which means to the trade with a number of Journey Rule answer distributors
Associated sources
Try extra sources supplied by Chainalysis that completely complement this episode of the Public Key.
- Registration: Chainalysis Hyperlinks Convention (Might 18-19, 2022)
- Weblog: German Authorities Sixteen Hydra’s Servers, Shut the Largest Russian-Language Darknet Market
- Weblog: The Nice Cyber Exit: Why the Quantity of Illicit Marketplaces Is Dwindling
- Weblog: OFAC Sanctions Hydra Following Legislation Enforcement Shutdown of the Darknet Market, As Nicely As Russian Trade Garantex
- DOJ Press Launch: Justice Division Investigation Leads To Shutdown Of Largest On-line Darknet Marketplace
Audio system on at this time’s episode
- Ian Andrews * Host * (Chief Advertising and marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews
- Ian Grey (Senior Director, Analysis & Evaluation, Flashpoint Intel)
https://www.linkedin.com/in/ian-gray-4aa20544 - Vlad Cuiujuclu (Crew Lead, World Intel, Flashpoint Intel)
https://www.linkedin.com/firm/flashpoint-intel/ - Kimberly Grauer (Director of Analysis, Chainalysis)
https://www.linkedin.com/in/kimberly-grauer-a9501144
“We need to remind you that we’re proud to have one of our companions, Flashpoint Intel, on the podcast”
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