Founder of darknet market Incognito sentenced to 30 years

Rui-Siang Lin, founder of the darknet crypto-based drug marketplace Incognito Market, has been sentenced to 30 years in prison by a U.S. court, The Block reported. He was convicted on charges of brokering illegal drug sales totaling $105 million. According to the U.S. Attorney's Office for the Southern District of New York, Incognito Market supported anonymous transactions through cryptocurrency payments and an internal system. The platform was found to have sold over one ton of illegal drugs between its launch in October 2020 and its closure in March 2024. In addition to the prison sentence, the court ordered Lin to forfeit $105 million and serve five years of supervised release after his term.