A US court has sentenced Taiwanese darknet drug kingpin Rui Xiang Lin to 30 years in prison. Lin was accused of using cryptocurrency and anonymity tools to facilitate drug sales worth $105 million through the Incognito Market. Prosecutors stated that Lin’s identity was initially difficult to ascertain but was later linked to the platform through domain records and digital traces. The Incognito Market was a well-known online platform for secret and illegal transactions, particularly drug trafficking, which employed cryptocurrency to conceal user identities and transactions. Despite the inherent anonymity of cryptocurrency, law enforcement agencies have employed advanced technical methods to expose the network and prosecute its operators. Lin’s arrest and sentencing demonstrate that the rule of law extends into the cryptocurrency realm, with ongoing efforts to monitor and curtail illegal darknet activities. Global authorities continue to enhance their capabilities to prevent the misuse of cryptocurrency in criminal enterprises.
Source: coindesk
