US DOJ Seizes $100M In Crypto From Major Dark Web Drug Trafficking Operation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Arrest of Dark Web Drug Lord: The US Department of Justice arrested Rui-Siang Lin, a 23-year-old from Taiwan, accused of operating the dark web drug marketplace "Incognito Market."
- $100 Million Crypto Operation: Incognito Market facilitated over $100 million worth of crypto transactions for illegal narcotics globally until its closure in March.
- Market Operations: Lin, under aliases "Pharoah" and "Faro," managed all aspects of Incognito Market, including vendors, customers, and employees.
- Platform Features: The marketplace functioned like a legitimate e-commerce site, offering branding, advertising, customer service, and a "bank" for crypto deposits.
- Legal Consequences: If found guilty, Lin could face life imprisonment for narcotics conspiracy, 20 years for money laundering, and 20 years for conspiracy to distribute narcotics.
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.
