I just found out that Incognito Market founder Rui-Siang Lin received a 30-year sentence. This crypto black market case is really serious, and what's interesting is that its impact extends all the way to Canada and various other countries. The illegal marketplace operation he ran turned out to be quite extensive in its geographical reach.

Crazy, from a crypto startup to ending up in prison with such a sentence. This serves as a reminder that although blockchain technology is decentralized, if used for illegal drug markets, authorities can still pursue and trace them. This case shows that the scope of operations doesn't prevent law enforcement from different countries from coordinating.

I don't know how he managed the marketplace technically, but it's clear this isn't a success story in the crypto industry. More like a cautionary tale for anyone thinking they can get away with illegal operations on the blockchain.