BlockBeats News, February 4th, according to a CoinDesk report, based on a statement from the U.S. Southern District of New York’s federal prosecutor’s office, Rui-Siang Lin, the suspected operator of the dark web drug trading platform “Incognito Market,” was sentenced to 30 years in U.S. federal prison on Tuesday, marking the conclusion of one of the largest-scale online drug market cases since the “Silk Road”.
The U.S. prosecutors stated that the operator of the dark web market Incognito Market had used cryptocurrency and anonymous tools to conceal their identity, but investigators eventually linked him to the platform through domain records and digital traces.
Rui-Siang Lin’s online alias is “Pharaoh.” He pleaded guilty to multiple charges in December 2024, including drug crime conspiracy, money laundering, and conspiracy to sell adulterated and misbranded drugs. The prosecutors stated that the platform facilitated over $105 million in illegal drug transactions between October 2020 and March 2024, completing over 640,000 transactions and serving hundreds of thousands of buyers worldwide.
