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US seizes 2,814 bitcoin from darknet Empire Market founders, adding to strategic bitcoin reserve.

Market News
11 Oct 2026
CryptoTicker
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US seizes 2,814 bitcoin from darknet Empire Market founders, adding to strategic bitcoin reserve.

Raheim Hamilton and Thomas Pavey, co-founders of the darknet marketplace Empire Market, have been sentenced and agreed to forfeit a total of 2,814 bitcoin worth around $234 million. The US government, under a 2025 executive order by President Trump, will add these seized bitcoins to a strategic bitcoin reserve that is not to be sold, shrinking the market supply. This contrasts with Germany's approach, where seized bitcoins were sold quickly to avoid value loss. The handling of such seized crypto assets impacts market supply and investor outlook on bitcoin availability and price stability.

The US government's seizure of 2,814 bitcoins worth around $234 million contrasts with Germany's quicker sale of seized bitcoins. For readers following cryptocurrency market trends, here is Pluang's market snapshot as of Oct 12, 2026 01:01 WIB: out of 50 major cryptocurrencies, 35 rose and 14 fell. Notable moves include SXP down 46.27% to Rp37 with a typical hold time of 94 days, BAT up 23.04% to Rp2,883 with a 46% sell and 54% buy order split, and BAL up 11.14% to Rp16,297 with a typical hold time of 85 days.

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