Incognito Market
| Launched | 2020 |
|---|---|
| Closed | May 2024 |
| Founder(s) | Two operators (US case) |
| Network | Tor hidden service (.onion) |
| Currency | Monero (plus Bitcoin) |
| Est. revenue | Not published |
| Peak size | Mid-to-large |
Incognito Market was one of the larger modern darknet markets, accepting Monero and advertising operational security — until US authorities dismantled it in 2024 and charged its operators.
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History
Launched in 2020, Incognito grew into a significant mid-to-large market, attracting vendors displaced from earlier collapses and building a reputation for Monero-first payments and multi-sig escrow.
Operation
In May 2024 US authorities announced the takedown of Incognito, seizing its infrastructure and charging its two administrators with conspiracy to distribute controlled substances. The case was notable for its use of modern investigative techniques against a privacy-focused market.
Downfall
The operation also involved seizing the operators' cryptocurrency holdings. The case showed that even markets built around Monero and multi-sig were not beyond the reach of sophisticated investigations.
Legacy
Incognito's takedown, along with Nemesis's, showed that Monero and multi-sig were not absolute shields. It reinforced the trend toward smaller, shorter-lived markets and Telegram-based commerce.