US Prosecutors Charge Operator of Darknet Marketplace Incognito Market
CryptoNewsTerminal Staff20 May, 2024
US Prosecutors Charge Operator of Darknet Marketplace Incognito Market
US Prosecutors Charge Operator of Darknet Marketplace Incognito Market US authorities have arrested and charged Rui-Siang Lin, the operator of darknet drug marketplace Incognito Market, in New York, Coindesk reports. A Taiwanese national, Lin is accused of facilitating the sale of over $100 million worth of illicit drugs, including fentanyl, through the marketplace using cryptocurrency. Prosecutors allege that Lin controlled and operated Incognito Market and had ultimate decision-making authority over its operations. Incognito Market was a darknet marketplace specializing in the sale of illegal drugs. It was known for its high level of security and anonymity, which made it popular among drug traffickers. The arrest of Lin is a significant blow to the darknet drug trade. It is the latest in a series of actions by US authorities to crack down on darknet marketplaces, which have been used to facilitate the sale of illicit drugs and other illegal activities.
