Taiwan University drug lord's black-on-black betrayal! Lin Ruixiang used transaction records to extort users, becoming the key to the collapse.

Lin Ruixiang, a gifted student at National Taiwan University who once relied on scholarships to get by, has transformed into a master drug dealer controlling the world's largest dark web platform "Hidden Market," earning over 100 million TWD a month at its peak. He then orchestrated a black-on-black scheme, using the personal information of both buyers and sellers to threaten and extort, even temporarily shutting down the platform to extort confidentiality fees, resulting in a complete collapse of the platform's credibility. This betrayal ultimately led to the FBI successfully infiltrating and shutting him down.

Key Summary

Lin Ruixiang leads the global dark web drug platform "Invisible Market," with a maximum monthly revenue of 5 million dollars.

Before the incident, the "black eat black" extortion between the buyer and seller led to the platform's collapse.

From a gifted student at National Taiwan University to a dark web lord, earning 5 million dollars a month by selling drugs.

Lin Ruixiang, who has a background in the Department of Management at National Taiwan University, has been operating the world's largest drug dark web trading platform "Incognito Market" ( under the alias Pharaoh ) since October 2020, offering a wide range of products from cannabis, psychedelics to amphetamines. The platform emphasizes cryptocurrency transactions and supports cross-border shipping, making it difficult for U.S. law enforcement to trace.

At its peak, the monthly revenue reached 5 million USD (, approximately 160 million New Taiwan Dollars ), making it one of the largest drug trading platforms in the world.

Taiwan seized personal assets worth nearly 200 million TWD, Lin Ruishang reportedly cooperated with the U.S. judiciary to seek a reduced sentence.

After Lin Ruixiang was caught, Taiwan's prosecutors and investigators quickly sealed off his assets in Taiwan, currently seizing luxury homes, bank accounts, and cryptocurrency assets exceeding NT$200 million.

According to a report by Mirror Weekly, Lin Ruishang has collaborated with U.S. judicial authorities and is willing to provide information on accomplices in exchange for a reduced sentence. As a result, a U.S. court has made an exception to postpone sentencing, observing the effectiveness of the cooperation before deciding on the length of the sentence.

FBI undercover for two years, from email details bite down on evidence of guilt

The breakthrough in this case hinges on the fact that Lin Ruishang sent the preliminary design of the "dark web" to himself via email in Taiwan four years ago, and also bound it to a domain and phone number, allowing the FBI to successfully identify the target.

Two years ago, Lin Ruixiang flew to Canada for a transfer to Saint Lucia to serve alternative military service, with American personnel monitoring and filming the entire process, including complete evidence of him entering and exiting hotels and the harbor club.

Lin Ruixiang backstabbed both parties in the transaction, using personal data for extortion, leading to the collapse of the platform.

The outbreak of the entire case was due to Lin Ruixiang's own black eating black. The FBI was originally undercover on the platform, discovering that multiple users were purchasing painkillers but received fentanyl instead, which nearly led to fatalities. They subsequently found that Lin Ruixiang was misusing the transaction information of both parties to extort.

In March of last year, the website suddenly shut down, and a few days later it reopened, with the homepage stating "We have prepared the final little surprise for you." Then it required each buyer and seller to pay a confidentiality fee of up to 20,000 USD, or else the transaction details would be made public.

This wave of "backstab operation" has caused the platform's credibility to completely collapse, drug dealers are scattering, and the dark web market has also collapsed. The FBI is currently following leads to grasp the platform's transaction database and expand the investigation.

( Top student Lin Ruixiang from National Taiwan University sells drugs on the dark web, earning 160 million TWD monthly. The mastermind of the "invisible market" betrays accomplices for a reduced sentence in the US )

This article discusses how the drug lord of National Taiwan University faced a downfall due to blackmailing users with transaction records, which became the key to its collapse. It first appeared in Chain News ABMedia.