TechFlow news, May 29 — According to ETToday News, the case of Lin Ruixiang, a former National Taiwan University student suspected of creating a drug trading platform on the dark web, has taken a new turn. Reports indicate that in February 2024, Lin was hacked, resulting in the theft of his cryptocurrency and non-fungible token (NFT) assets.
The hacker pretended to be an investor and tricked Lin into downloading software containing malicious code, thereby stealing his digital assets. It is said that Lin openly displayed his trading activities on social media, showing monthly trading volumes exceeding $1 million and ownership of multiple Bored Ape Yacht Club NFTs.
Lin was arrested by the U.S. Federal Bureau of Investigation (FBI) in May 2024. Previously, his operated dark web platform had temporarily shut down and later resumed operations, demanding users pay a $20,000 confidentiality fee or risk exposure of their personal information.
