Notorious Russian drug market Hydra using the Dark Web seeks to collect 146 millions dollars by selling Bitcoin tokens, according to CoinDesk.
The funds raised from Hydra's initial offering (ICO), which is expected to launch on December 16, will be used to expand the global drug market.
According to CoinDesk, which presents one registration document Hosted on the website, Hydra says it will issue 1.470.000 tokens that will be sold for 100 dollars worth of Bitcoin each, offering its own currency at 49% of its value to the general public.
If you buy a package of 100, Hydra says it will offer shoppers one 0,00333333 percent of their earnings from dividends that are supposed to equal 500 dollars a month, and will be paid in Bitcoin.
Hydra wants to launch a new global (and apparently anonymous) service called Eternos, which it promises will include a cryptocurrency exchange service, a program tours Tor, an encrypted messenger and of course a global drug market.
To be sure you understand what this means:
Hydra is one market for drugs and other prohibited (illegal) goods and services, such as counterfeit money, weapons and more. Funding the expansion of such services is illegal and of course involves many ethical dilemmas, not just the obvious financial risk of losing your money.
It is also worth noting that the Russian media have already characterized this move scam.
