Hydra, Russia’s biggest dark web marketplace, announced its plans to develop an international, decentralized marketplace for illegal products. To achieve this goal, Hydra intends to conduct an initial coin offering (ICO), local media reports.

Does Russia’s Illegal Marketplace Eye Expansion or Exit Scam?

The popularity of ICOs has faded, but Hydra, which operates the largest dark net market for illegal products in Russia, doesn’t mind implementing this crowdfunding method. The platform is seeking expansion beyond Russia and the Commonwealth of Independent States (CIS) countries.

The marketplace allows users to buy illegal goods and services like narcotics and counterfeit money. Hydra plans to make the upcoming transnational marketplace decentralized.

Russia’s tech media ForkLog announced about Hydra’s plans, citing an investment memorandum published on the dark web site. The online magazine warned that the crowdsale might be an exit scam attempt by project managers.

According to available information, Hydra will put up for sale…

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Source: https://thebitcoinnews.com/russias-silk-road-to-hold-ico-exit-scam-attempt/