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Empire Market co-creator sentenced to 40 years in prison

Empire Market co-creator sentenced to 40 years in prison Image: Primary
Raheim Hamilton, co-creator of the dark web marketplace Empire Market, has been sentenced to 40 years in prison for facilitating $430 million in illegal transactions from 2018 to 2020, BleepingComputer reports. The marketplace sold stolen account credentials, hacking tools and personal information alongside drugs, its most prevalent trade. Hamilton and co-defendant Thomas Pavey facilitated more than 4 million transactions. The site required cryptocurrency payments and encouraged users to conceal transactions with mixing services. Hamilton pleaded guilty in January and agreed to forfeit three Virginia properties, approximately 1,230 bitcoin and 24.4 Ether. Empire Market shut down in 2020; Pavey is due to be sentenced later this month.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from BleepingComputer and reviewed by the T&B editorial agent team.
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