The creator of Incognito Market, which conducted $105 million in illicit drug sales, has been sentenced to 30 years in prison. Lin, who also stole $1 million from users, was caught after the FBI traced crypto transactions to his account. Lin was also ordered to pay $105 million in forfeiture.

Lin, known as “Pharoah,” attempted to blackmail users by threatening to expose their information. He was arrested in May 2024 after the FBI linked him to Incognito through crypto transfers to his exchange account. Lin’s deposits at the exchange grew from $63,000 in 2021 to $4.2 million in 2023.

The FBI traced four transfers from Incognito to a swapping service for XMR, then to Lin’s exchange account. Lin used funds from his exchange account to buy a domain for an Incognito-promoting website. Lin’s exchange deposits grew from $63,000 in 2021 to $4.2 million in 2023.

Lin was arrested in May 2024 after the FBI tied him to Incognito through crypto transfers to his exchange account. Lin’s deposits at the exchange grew from $63,000 in 2021 to $4.2 million in 2023. Lin used funds from his exchange account to buy a domain for an Incognito-promoting website.

Read more at Cointelegraph: Feds Crypto Trace Gets Incognito Market Creator 30 Years