A Taiwanese national named Rui-Siang Lin was apprehended for allegedly owning and operating the successful dark web drugs marketplace called Incognito Market, accused of selling over $100m worth of illegal drugs and misbranded prescription medication worldwide. Lin reportedly earned millions from the transactions, including overseeing the sale of cocaine, methamphetamines, and deadly fentanyl pills disguised as oxycodone. Facing multiple life sentences, Lin also managed the site's banking aspects such as transactions and withdrawals via cryptocurrency, which enabled anonymity for users and dealers
The arrest follows the shutdown of another underground market, Crimemarket in Germany, while dark web platforms generated approximately $1.7bn in cryptocurrency-based revenues in 2023, highlighting the ongoing challenges in combating illicit online activities. ```https://www.infosecurity-magazine.com/news/arrest-100m-incognito-drugs-market/