PANews reported on February 4th, citing CoinDesk, that the U.S. Department of Justice stated that Rui-Siang Lin (pseudonym "Pharaoh"), a 24-year-old Taiwanese citizen, was sentenced to 30 years in prison by a federal court for operating the dark web drug trafficking platform Incognito Market. Prosecutors stated that Incognito Market processed over $105 million in illicit drug transactions between October 2020 and March 2024, facilitating over 640,000 transactions for hundreds of thousands of buyers worldwide. U.S. authorities identified him through blockchain analysis, undercover purchases, and domain registration records.
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