Empire Market Co-Creator Sentenced to 40 Years and Ordered to Forfeit Assets
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AI-assisted source synthesis · not an independent investigation.
On October 9, 2026, CoinDesk reported that Empire Market co-creator Raheim Hamilton was sentenced to 40 years in federal prison and agreed to forfeit 1,230 bitcoins (approximately $101 million), 24.4 ether, and three properties. Prosecutors said the platform facilitated more than 4 million drug transactions between 2018 and 2020, with total platform activity exceeding $430 million, of which nearly $375 million came from drug sales. The report did not disclose other specific conditions of the sentence or subsequent arrangements in the case.
AI-written from reports · updated 10 days ago
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- CoinDeskEmpire Market co-founder sentenced to 40 years in prison and forfeits 1,230 bitcoin
Empire Market co-founder Raheim Hamilton was sentenced to 40 years in federal prison and agreed to forfeit 1,230 bitcoin (approximately $101 million), 24.4 ether, and three properties. Prosecutors said the platform facilitated more than 4 million drug transactions between 2018 and 2020, with total platform activity exceeding $430 million, of which nearly $375 million came from drug sales.