BEARISH 📉 : Incognito Market Founder Sentenced to 30 Years for Crypto Drug Sales

Incognito Market Founder Sentenced

Rui-Siang Lin, founder of the digital asset dark web marketplace Incognito Market, sentenced to 30 years in prison.
The marketplace facilitated over $105 million in illicit narcotics sales, involving more than a ton of drugs in four years.
Lin used crypto payments and an internal system called "Incognito Bank" for anonymous transactions between buyers and vendors.
The US District Judge Colleen McMahon ordered Lin to forfeit $105,045,109 as part of his penalty, with an additional five years of supervised release post-incarceration.

Crackdown on Crypto-related Crimes

This case is part of broader efforts by law enforcement to tackle illegal activities linked to cryptocurrencies.
Firas Isa, founder of Virtual Assets LLC, and his company were charged with money laundering conspiracy, making at least $10 million from illegal activities.
In July 2025, authorities seized over $10 million in cryptocurrency linked to the Sinaloa cartel through a joint DEA and FBI operation in Miami.