Empire Market Co-Founder Gets 40 Years, to Forfeit 1,230 Bitcoin
- —Hamilton sentenced to 40 years in prison and a $5 million fine
- —Forfeiture includes about 1,230 BTC, 24.4 ETH and three Virginia properties
- —Empire Market processed over $430 million and 4 million transactions in 2018–2020
- —Co-defendant Thomas Pavey to forfeit about 1,584 BTC, gold bars and real estate
Why it matters: The large bitcoin forfeiture adds to US government-held supply and raises pressure on darknet marketplaces.
Source: Bitcoin.com
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