Empire Market co-founder sentenced to 40 years in prison and confiscated 1230 bitcoins

Raheim Hamilton, co-founder of Empire Market, was sentenced to 40 years in federal prison and fined $5 million in Chicago. Raheim Hamilton agreed to confiscate 1230 bitcoins, 24.4 ether coins, and 3 properties. The platform facilitated over 4 million transactions with a total amount exceeding 430 million US dollars between 2018 and 2020. Investigators have seized $75 million in assets, and the sales of drugs involved are close to $375 million. (Source: Bitcoin.com News)