Cryptocurrency Dark Web Drug Market Operator Rui-Siang Lin Sentenced to 30 Years in Prison
BlockBeats News, February 4th, according to CoinDesk, according to a statement from the U.S. Southern District of New York's federal prosecutor's office, the alleged operator of the dark web drug trading platform "Incognito Market," Rui-Siang Lin, was sentenced to 30 years in U.S. federal prison on Tuesday, marking the formal conclusion of one of the largest-scale online drug market cases since the "Silk Road" case.
The U.S. prosecutor's office stated that the operator of the dark web market Incognito Market had used cryptocurrency and anonymous tools to conceal their identity, but investigators ultimately linked him to the platform through domain records and digital traces.
Rui-Siang Lin's online alias was "Pharaoh." In December 2024, he pleaded guilty to multiple charges, including drug crime conspiracy, money laundering, and conspiracy to sell counterfeit and falsely labeled drugs. The prosecutor's office stated that the platform facilitated over $105 million in illegal drug transactions between October 2020 and March 2024, completing over 640,000 transactions, serving hundreds of thousands of buyers worldwide.
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