The 30-year prison sentence handed to Rui-Siang Lin, the operator of the infamous Incognito Market, is more than just another darknet takedown story. Lin, who ran Incognito Market under the alias “Pharaoh,” oversaw one of the largest online narcotics operations in history, generating more than $105 million in illegal drug sales worldwide before its collapse in March 2024.
Platforms like Incognito Market are not clever experiments in decentralization. They are industrial-scale criminal enterprises, and their architects will be treated as such.
How Incognito Market Became a Global Narcotics Hub
Launched in October 2020, Incognito Market was designed to look and feel like a legitimate e-commerce platform, only its products were heroin, cocaine, methamphetamine, MDMA, LSD, ketamine, and counterfeit prescription drugs. Accessible through the Tor browser, the dark web marketplace allowed anyone with basic technical knowledge to buy illegal narcotics from around the globe.
At its peak, Incognito Market supported over 400,000 buyer accounts, more than 1,800 vendors, and facilitated 640,000 drug transactions. Over 1,000 kilograms of cocaine, 1,000 kilograms of methamphetamine, and fentanyl-laced pills were likely sold, the authorities said. This was not a fringe operation—it was a global supply chain built on code, crypto, and calculated harm.
Also read: “Incognito Market” Operator Arrested for Running $100M Narcotics Marketplace
“Pharaoh” and the Business of Digital Drug Trafficking
Operating as “Pharaoh,” Lin exercised total control over Incognito Market. Vendors paid an entry fee and a 5% commission on every sale, creating a steady revenue stream that funded servers, staff, and Lin’s personal profit—more than $6 million by prosecutors’ estimates.
The marketplace had a very professional-looking modus operandi from branding, customer service, vendor ratings, and even its own internal financial system—the Incognito Bank—which allowed users to deposit cryptocurrency and transact anonymously. The system was designed to remove trust from human relationships and replace it with platform-controlled infrastructure.
This was not chaos. It was corporate-style crime.
Fentanyl, Fake Oxycodone, and Real Deaths
In January 2022, Lin explicitly allowed opiate sales on Incognito Market, a decision that proved deadly. Listings advertised “authentic” oxycodone, but laboratory tests later revealed fentanyl instead. In September 2022, a 27-year-old man from Arkansas died after consuming pills purchased through the platform.
This is where the myth of victimless cybercrime collapsed. Incognito Market did not just move drugs—it amplified the opioid crisis and directly contributed to loss of life. U.S. Attorney Jay Clayton stated that Lin’s actions caused misery for more than 470,000 users and their families, a figure that shows the human cost behind the transactions.
Exit Scam, Extortion, and the Final Collapse
When Incognito Market shut down in March 2024, Lin didn’t disappear quietly. He stole at least $1 million in user deposits and attempted to extort buyers and vendors, threatening to expose their identities and crypto addresses. His message was blunt: “YES, THIS IS AN EXTORTION!!!”
It was a fittingly brazen end to an operation built on manipulation and fear.
Judge Colleen McMahon called Incognito Market the most serious drug case she had seen in nearly three decades, labeling Lin a “drug kingpin.” The message from law enforcement is unmistakable: dark web platforms, cryptocurrency, and blockchain are not shields against justice.