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International Business Times
International Business Times
Business
Marvie Basilan

US Nabs Alleged Owner Of Crypto-Funded Online 'Incognito' Narcotics Market

United States Crypto DOJ
Rui-Siang Lin allegedly operated a massive online illegal narcotics marketplace that facilitated drug sales through its own bank that allowed crypto payments. (Credit: TheDigitalArtist/Pixabay)

KEY POINTS

  • Incognito Market sells cocaine and heroin among others, as well as some "misbranded" prescription medication
  • Transactions between vendors and buyers were facilitated by the marketplace's own "bank" that used crypto
  • Over $100 million worth of narcotics were illegally sold through the marketplace

U.S. authorities have arrested the alleged owner of one of the online world's largest "incognito" illegal narcotics market that allows customers to pay using cryptocurrencies, the U.S. Department of Justice (DOJ) announced Monday.

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