Incognito Market founder Rui-Siang Lin sentenced to 30 years in crypto darknet drug marketplace case
Incognito Market founder Rui-Siang Lin received a 30-year prison sentence for operating the $105 million darknet drug marketplace.Summary
Rui-Siang Lin, the 24-year-old Taiwanese operator of the dark web narcotics marketplace “Incognito Market,” was sentenced to 30 years in federal prison. Lin, who used the alias “Pharaoh,” pleaded guilty to narcotics conspiracy, money laundering, and conspiring to sell adulterated medication. Prosecutors stated the platform processed over $105 million in illegal drug sales between October 2020 and March 2024, involving more than 640,000 transactions globally. U.S. Attorney Jay Clayton noted Lin is responsible for at least one death and exacerbated the opioid crisis. Investigators traced Lin through blockchain analysis, undercover purchases, and operational security failures, including linking the marketplace domain registration to his real name, phone number, and address.
(Source：CoinDesk)