Empire Market co-founder gets 40 years, forfeits 1,230 BTC worth $100M
- —Hamilton sentenced to 40 years and fined $5 million
- —1,230 BTC worth about $100 million forfeited
- —Empire Market processed 4 million transactions worth $430 million in 2018–2020
- —Total seizures from both defendants reach 2,814 BTC
Why it matters: If the coins enter the US strategic reserve, they would be locked out of circulation for 20 years and kept off the market.
Source: BTC-ECHO