Raheim Hamilton, co-creator of the dark-web marketplace Empire Market, was sentenced to 40 years in prison and fined $5 million by a federal court in Chicago. He must also forfeit about 1,230 Bitcoin worth roughly $100 million, 24.4 Ether, and three properties in Virginia. Empire Market operated from 2018 to 2020, facilitating over four million transactions valued at more than $430 million, mostly from drug sales and other illegal activities. This case highlights ongoing U.S. efforts to crack down on dark-web marketplaces and their cryptocurrency transactions. Hamilton's co-runner, Thomas Pavey, is expected to be sentenced later this month after agreeing to forfeit significant assets.
The Empire Market co-creator's forfeiture of about 1,230 Bitcoin is notable context for readers following cryptocurrency developments. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 11, 2026 08:02 WIB: out of 50 major cryptocurrencies tradable on Pluang, 29 rose and 20 fell today. Among notable movers were SXP (Solar) down 46.27% at Rp37 with a typical hold time of 94 days, BAL (Balancer) up 11.14% at Rp16,297 with a typical hold time of 85 days, and EOS (EOS.IO) up 8.13% at Rp12,649 with a typical hold time of 87 days.
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