Dark web drug market operator sentenced to 40 years, forfeits $101 million in bitcoin
Raheim Hamilton, a co-creator of the dark web drug enterprise Empire Market, has been sentenced to 40 years in federal prison and agreed to forfeit 1,230 bitcoin (valued at $101 million). Hamilton, 30, of Suffolk, Virginia, was sentenced on Monday by a federal judge in Chicago and also faces a $5 million fine. He and his co-conspirator Thomas Pavey operated Empire Market from 2018 to 2020, facilitating over 4 million drug transactions worth more than $430 million. Pavey had previously forfeited 1,584 bitcoin last year and is set to be sentenced later this month. The Justice Department stated that the pair required customers to use cryptocurrency and encouraged mixing services to obscure fund movements.
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