A Dutch court sentenced Tornado Cash co-founder Alexey Pertsev to 5 years in prison for money laundering related to the activities of a cryptocurrency mixer that allowed criminals to disguise their transactions
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Rui-Xiang Lin, known as Incognito Market Administrator, was arrested for more than $100 million in illegal transactions that facilitated the sale of illegal drugs and counterfeit medicines.
Lin, who is 23 years old and originally from Taiwan, was arrested following a global operation involving the Drug Enforcement Administration (DEA), the New York Police Department (NYPD), the Food and Drug Administration’s Office of Criminal Investigation ( FDA-OCI) and the National Security Investigation Service (HSI). They worked together on the lengthy investigation that led to Lin’s arrest.
Attorney General Merrick B. Garland said Lin’s arrest is an important step in the fight against illegal activities on the dark web. For nearly four years, Lin ran the Incognito marketplace, one of the largest online platforms for drug sales, resulting in $100 million worth of illegal transactions.
Lin is charged with conducting a continuing criminal enterprise, conspiracy to traffic in drugs, money laundering and conspiracy to sell counterfeit drugs. If convicted, he faces up to life in prison.
The Incognito Market ran from October 2020 until closing in March 2024. The site looked like a real online store, which made it easier to access prohibited goods. HSI Special Agent Ivan J. Arvelo noted that Lin’s operation endangered public health, including the sale of drugs containing the deadly fentanyl.
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