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Alleged $100M Dark-Web Drug Kingpin, 23, Arrested

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Dark-Web Drug Kingpin Arrest

Posted By  Kellerdale
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Alleged $100M Dark-Web Drug Kingpin Arrested in New York

Introduction

A 23-year-old Taiwanese man has been arrested in New York for allegedly running a $100 million dark-web drug market called Incognito Market. The suspect, known as Jiale Zhang, used cryptocurrency to facilitate transactions and extort users.


Summary of facts
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  • The suspect is Jiale Zhang.
  • Zhang operated Incognito Market on the dark web.
  • The platform facilitated drug sales and extortion.
  • Zhang was arrested in New York.
  • Transactions involved $100 million.
  • Cryptocurrency was used for transactions.
  • U.S. Department of Justice (DoJ) announced the arrest.

 

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Breakdown of the Timeline for this alleged scam:

Jiale Zhang allegedly ran Incognito Market from Taiwan, using cryptocurrency for transactions and extorting users. The platform was active until it was shut down by authorities. Zhang was arrested in New York, following an investigation by the DoJ.

Legal Implications:
Zhang faces charges of conspiracy to commit money laundering and operating a continuing criminal enterprise. If convicted, he could face a maximum penalty of life in prison.
Summary:

Jiale Zhang, a 23-year-old Taiwanese man, was arrested for allegedly operating the $100 million dark-web drug market, Incognito Market. Using cryptocurrency for transactions, Zhang extorted users and ran the platform from Taiwan. The U.S. Department of Justice announced the arrest, and Zhang faces severe charges including money laundering and operating a continuing criminal enterprise.

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Entity Related Search Terms
Jiale Zhang Incognito Market, dark web, drug trafficking, cryptocurrency, money laundering, cybercrime
U.S. Department of Justice DoJ, law enforcement, dark web investigation
Incognito Market dark-web marketplace, drug sales, extortion
Reference Source: [1] https://www.theregister.com/2024/05/21/incognito_market_arrest_charge/

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Address:
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