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Dark web market co-founder sentenced to 40 years, forfeits 1,230 Bitcoin and $5M fine

Market News
08 Oct 2026
Bitcoin
View Source
Bearish
Dark web market co-founder sentenced to 40 years, forfeits 1,230 Bitcoin and $5M fine

Raheim Hamilton, co-founder of the crypto-only dark web marketplace Empire Market, was sentenced to 40 years in federal prison and fined $5 million. He agreed to forfeit approximately 1,230 Bitcoin, 24.4 Ether, and three properties in Virginia as part of his plea deal. Empire Market facilitated over $430 million in illegal transactions, including drug trafficking, using cryptocurrency payments and vendor ratings to conceal shipments. His co-creator, Thomas Pavey, also pleaded guilty and faces sentencing soon. This case highlights ongoing federal efforts to crack down on illicit crypto marketplaces.

The sentencing of the Dark Web Market founder is the subject, with Pluang market data as context for readers following cryptocurrency trends. As of Oct 09, 2026 07:21 WIB, out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell. Notable movers include SXP (Solar) down 46.27% to Rp37, SAND (The Sandbox) down 13.85% to Rp1,187 with 69% sell order activity, and CRV (Curve DAO Token) down 11.86% to Rp6,094 with 90% sell order activity. The most notable figure is SXP's 46.27% decline.

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