Incognito Market Owner Arrested After FBI Tracks Crypto Transactions
Tuesday, 21 May 2024, 07:34
FBI Tracked Incognito Market Owner
The FBI successfully apprehended Rui-Siang Lin, head of the dark web drug marketplace Incognito Market, using advanced crypto transaction analysis. Lin, known as 'Pharoah,' orchestrated a multimillion-dollar illegal business that sold dangerous narcotics.
Lin's Arrest and Charges
- Lin was arrested at John F. Kennedy Airport after being traced through a centralized exchange and crypto transactions.
- He faces charges for engaging in a criminal enterprise and selling adulterated medication, which could result in significant penalties.
Dangers of the Operation
- Court documents reveal the escalating revenue generated by Lin's platform, indicating a growing scale of illegal activities.
- Undercover investigations highlighted the severe risks posed by the sale of mislabeled drugs, including deadly fentanyl.
Rui-Siang Lin's arrest marks a significant victory in the battle against crypto-facilitated crimes, shedding light on the risks associated with illicit online marketplaces.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.