BlockBeats news, on May 29, according to the Dongsen News of Taiwan, China, the US Federal Bureau of Investigation (FBI) recently cracked the "Incognito Market" of the international drug trade secret network, and accidentally uncovered the behind the scenes "pharaoh", who is Lin Ruixiang, a graduate of the Department of Asset Management of Taiwan University. Afterwards, it was revealed that Lin Ruixiang had openly claimed to be a virtual currency player in recent years and often publicly disclosed his trading records on the internet. It is understood that he has reached VIP level 3 on the virtual currency trading platform, which means that if his monthly trading volume exceeds $1 million, he will be targeted by hacker groups who will use black and white tactics to steal all the currency and NFTs in his exchange account, leading to financial difficulties.
It is reported that Lin Ruixiang established the drug trading platform "Invisible Market" in 2020, attracting more than 200000 users worldwide, and thousands of drug traffickers on the platform. In the short three-year period before he was smashed by US law enforcement in March 2024, the dark web had sold drugs and narcotics worth over $100 million.
During this period, Lin Ruixiang once closed the stealth market in 2024, but restarted the website a few days later. However, this "little surprise" threatened all platform users to pay a "sealing fee" of up to $20000 (about NT $600000), otherwise the relevant criminal evidence would be made public.
Foreign media pointed out that the reason why he jumped over the wall in a hurry and had to threaten users to cut a fortune is because in recent years, he has claimed to be a virtual currency player on the internet and often posts huge profit and loss figures on social media to show off his achievements. He also boasts that he has reached the "VIP Level 3" of the exchange, which means his monthly trading volume threshold exceeds $1 million.
Such high-profile behavior led to him being targeted by a group of hackers. This group of hackers claimed to be investors and successfully lured Lin Ruixiang to download a certain virus program, ultimately stealing virtual coins and NFTs from his account. Some media also pointed out that the NFT "Bored Ape", which is extremely popular among cryptocurrency players, has even been bought and held by the king Jay Chou, with prices ranging from tens of thousands to hundreds of thousands of dollars. However, during its peak period, it could sell for over 3.4 million dollars, and Lin Ruixiang had at least held three of them. After being stolen, he suffered heavy losses.
It was this hacking operation that caused Lin Ruixiang's finances to suffer heavy losses, gradually leading to a lack of liquidity. Therefore, he decided to "do one vote" to extort users before shutting down the stealth market. After this extortion operation, the credit of the invisible market completely collapsed, and the trading platform also collapsed.
