Alleged Owner of Darknet Narcotics Bazaar ‘Incognito Market’ Arrested in New York
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Alleged Owner of Darknet Narcotics Bazaar Arrested: A Taiwanese national, Rui-Siang Lin, was arrested in New York for allegedly operating the darknet drug bazaar Incognito Market and facilitating over $100 million in crypto-denominated sales of illegal narcotics.
- Charges and Prosecution: Lin faces charges including engaging in a continuing criminal enterprise, narcotics conspiracy, money laundering, and conspiracy to sell adulterated medication, with potential sentences ranging from 10 years to life in prison.
- Operation Details: Lin allegedly oversaw all aspects of Incognito Market, made millions from it, and had a bank within the market that facilitated transactions with a 5% cut on each sale.
- Market Shutdown and Exit Scam: Incognito Market shut down in March after an exit scam, leaving users unable to withdraw funds, followed by reports of administrators extorting vendors for fees.
- Background and Training: Lin, a self-described crypto developer and Monero fan, reportedly conducted a workshop on cybercrime and cryptocurrency for police officers in Saint Lucia.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
