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Hydra To Raise Funds For Illegal Goods Platform, Is It A Scam?

Hydra To Raise Funds For Illegal Goods Platform, Is It A Scam?

Press Release 2020 Will Be The Year Cryptocurrencies Come ofAge says Luno-techcryption

As much as the decentralized technology is useful for many positive and beneficial criteria for an organization or an individual, there is something called the darknet, a computer network with restricted access that is used chiefly for illegal peer-to-peer file sharing.

Hydra, reportedly the largest darknet marketplace serving Russia and neighbouring countries, has announced that it will be launching a transnational decentralized venue for the sale of prohibited goods.

The funding for the said project is expected to be raised through an ICO and 49% of the tokenized share of the project will be put up for sale, according to the website of the marketplace that allows users to buy illegal goods and services like narcotics and counterfeit money.

It is noteworthy that one of the leading news portals in Russia, Lenta.ru published an investigation material that discusses the competition between Hydra and RAMP, another darknet marketplace that operates on the country’s territory.

Nevertheless, Hydra representatives also said that a large-scale investigation of the Lenta.ru news publication about their opposition to the RAMP marketplace was an advertising campaign. In turn, the chief editor of “Lenta” Vladimir Todorov said that the messages from Hydra “do not contain a single word of truth” and are aimed at creating problems with the control bodies for his publication.

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

So, if ever you have thought of participating, be extra cautious and well prepared with your researches and facts to stay away from getting into trouble.

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