Empire Market Co-Founder Sentenced to 40 Years, Forfeits 1,230 Bitcoin

Raheim Hamilton, the Virginia man who co-created and operated the dark web marketplace Empire Market, was sentenced to 40 years in federal prison and fined $5 million, the U.S. Department of Justice announced on October 7. As part of his guilty plea, Hamilton agreed to forfeit approximately 1,230 Bitcoin and 24.4 Ether, along with three properties in Virginia. Hamilton, 30, of Suffolk, ran Empire Market from 2018 to 2020 alongside co-creator Thomas Pavey.

Source: Blockchain Reporter