Empire Market Co-Creator Sentenced to 40 Years Over $430M Dark Web Bazaar

Empire Market Creator Sentenced to 40 Years for $430M Dark Web Bazaar

Introduction

Raheim Hamilton, a co-creator of the infamous Empire Market dark web bazaar, has been sentenced to 40 years in prison for his role in the illicit platform, which generated over $430 million in revenue. Hamilton forfeited 1,230 BTC, while his co-creator Thomas Pavey agreed to forfeit 1,584 BTC.

Background

The Empire Market was a notorious dark web marketplace that operated from 2016 to 2021. The platform allowed users to buy and sell illicit goods, including narcotics, stolen data, and counterfeit currency. Law enforcement agencies from around the world worked together to shut down the platform and apprehend its creators.

Sentencing

Hamilton's sentencing marks a significant victory for law enforcement in the ongoing battle against dark web crime. The 40-year sentence is one of the longest ever handed down in a dark web case. Pavey's sentencing is pending.

Forfeiture

Hamilton forfeited 1,230 BTC, which is valued at over $82 million at current market prices. Pavey agreed to forfeit 1,584 BTC, which is valued at over $498 million at current market prices.