The founder of the darknet platform Incognito Market has been sentenced to 30 years in prison
A U.S. federal court has sentenced the founder of Incognito Market, 24-year-old Taiwanese native Jui-Syan Lin, to 30 years of imprisonment for operating an online platform for drug trafficking.
According to the prosecution, more than $105 million in illegal sales passed through the marketplace, with transactions conducted in cryptocurrency.
The investigation claims that the platform served over 400,000 buyers and about 1,800 sellers, and payments were processed through an internal system of anonymous crypto transfers with a 5% commission.
Lin pleaded guilty to charges of drug distribution and money laundering. The court also ordered the confiscation of more than $105 million from him.
Prosecutors stated that the platform's activities are linked to at least one death.
After the service was shut down in 2024, Lin, according to the investigation, embezzled at least $1 million of user funds and attempted to extort money from sellers by threatening to publish their data and addresses of cryptocurrency wallets.