A new report from Chainalysis has found that Eastern Europe is responsible for more darknet activity and ransomware volume than any other region.
Blockchain forensics firm Chainalysis has found that darknet markets exert a disproportionate presence in Eastern Europe’s crypto sector.
In an excerpt from Chainalysis’ 2020 Geography of Cryptocurrency Report, the firm asserts that Eastern Europe is responsible for “more global darknet market activity than any other region,” with the anonymous free market Hydra comprising the region’s sixth-largest crypto service.
Regional shares of global darknet market transfer volume: Chainalysis
The report estimates that Hydra generated more than $1.2 billion in crypto revenue between June 2019 and July 2020.
