"Authorities Arrest $100m Incognito Drugs Market Suspect"

Rui-Siang Lin, a Taiwanese national, is facing multiple life sentences after being arrested on suspicion of owning and running one of the dark web’s most successful drugs marketplaces. Rui-Siang Lin was arrested at JFK Airport in New York on Saturday. The 23-year-old is accused of operating the Incognito Market, which, since its inception in 2020, has apparently sold an estimated $100m of illicit drugs and misbranded prescription medication to customers around the world. According to the Department of Justice, the site itself borrowed heavily from legitimate e-commerce stores in terms of branding, advertising, and customer service. The DoJ noted that once signed up to the site, drug dealers allegedly paid Lin 5% of the purchase price of any drug sold, which was used to fund hosting, employee salaries, and other operational expenses. The site also ran its own bank. The DoJ said that users would deposit cryptocurrency into their own named accounts, and the site would withdraw purchase amounts minus the 5% transaction fee and transfer to seller accounts, enabling both parties to remain anonymous. Lin is accused of making millions from such transactions. 

Infosecurity Magazine reports: "Authorities Arrest $100m Incognito Drugs Market Suspect"