Raheim Hamilton, co-founder of the darknet marketplace Empire Market, has been sentenced to 40 years in prison and fined $5 million by a U.S. federal court. Hamilton must also forfeit 1,230 BTC, valued at approximately $101 million, for his role in operating the illicit platform.
Empire Market facilitated more than 4 million drug transactions between 2018 and 2020, generating over $430 million in volume. Co-founder Thomas Pavey has separately pleaded guilty and forfeited 1,584 BTC as part of the enforcement action against the marketplace's operators.
Empire Market Co-Founder Sentenced to 40 Years, Forfeits 1,230 BTC
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
