According to CoinDesk, Raheim Hamilton, co-founder of the darknet marketplace Empire Market, was sentenced to 40 years in federal prison and fined $5 million for operating the platform. According to the U.S. Attorney’s Office for the Northern District of Illinois, Hamilton agreed to the forfeiture of 1,230 BTC (approximately $101 million), 24.4 ETH (approximately $600,000), and three properties.
Empire Market co-founder sentenced to 40 years in prison, forfeits over $100 million in BTC
TechFlowShare
Summary
Raheim Hamilton, co-founder of the dark web marketplace Empire Market, was sentenced to 40 years in federal prison and fined $5 million. The U.S. Attorney’s Office for the Northern District of Illinois stated that he agreed to forfeit 1,230 BTC ($101 million), 24.4 ETH ($60,000), and three properties. The case supports global efforts under MiCA and CFT to combat illicit cryptocurrency activity.
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