Cybercrime Deep Dive: Hydra Marketplace TakeawaysDarknet Market Money Laundering Tools Popular, Chainalysis' Kimberly Grauer Says
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.
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.