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Alleged Owner of Darknet Narcotics Bazaar ‘Incognito Market’ Arrested in New York
Taiwanese national Rui-Siang Lin, 23 is accused of facilitating $100 million in sales paid through crypto of illegal narcotics, including fentanyl, through the online marketplace.
www.coindesk.com
Prosecutors say Rui-Siang Lin, 23, operated Incognito Market under the pseudonym “Pharoah” and oversaw all of its operations, including employees, vendors and customers, and had “ultimate decision-making authority over every aspect of the multimillion-dollar operation” from its formation in October 2020 to its shutdown in March this year.
Lin was arrested at John F. Kennedy Airport on May 18, and will be presented in Manhattan federal court before U.S. Magistrate Judge Willis later today.