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Empire Market co-creator sentenced to 40 years, fined $5M for drug conspiracy and crypto crimes

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Empire Market co-creator sentenced to 40 years, fined $5M for drug conspiracy and crypto crimes

Raheim Hamilton, co-creator of the dark-web Empire Market, was sentenced to 40 years in federal prison and fined $5 million after pleading guilty to drug conspiracy charges. He agreed to forfeit over 1,230 Bitcoin, 24.4 Ether, and three properties. Empire Market facilitated over $430 million in transactions, mainly illegal drugs, using cryptocurrencies and encrypted communications to hide payments. His co-operator Thomas Pavey also pleaded guilty and faces sentencing later this year.

Empire Market co-creator Raheim Hamilton's sentencing is reported here. For readers following cryptocurrency, here is Pluang's market snapshot as of Oct 09, 2026 07:21 WIB: Of 50 major cryptocurrencies, 7 rose and 42 fell today. Solana (SOL) dropped 6.05% to Rp1.950.601 with a typical hold time of 71 days and order activity at 32% sell, 68% buy. VeChain (VET) fell 5.95% to Rp135, held typically for 147 days, with 43% sell and 57% buy orders. SushiSwap (SUSHI) declined 5.52% to Rp4.004, held for 101 days, with 6% sell and 94% buy activity.

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