Owner of Empire cybercrime market gets 40 years in prison
The marketplace processed more than 4 million transactions and $430 million in illegal sales, prosecutors said.
- A federal judge in Chicago sentenced Raheim Hamilton to 40 years in prison on Monday for co-creating Empire Market, a dark web marketplace that facilitated $430 million in illegal transactions from 2018 to 2020.
- Together with co-defendant Thomas Pavey, Hamilton operated the site from 2017 to 2020, managing more than 4 million transactions while requiring users to employ cryptocurrency to evade law enforcement detection.
- Drug sales represented the site's most prevalent activity, totaling nearly $375 million across over 166,000 listings, according to the Justice Department.
- Hamilton received a $5 million fine and agreed to forfeit three Virginia properties, approximately 1,230 bitcoin, and 24.4 Ether, while co-defendant Pavey faces sentencing later this month.
- This sentencing reflects intensifying federal enforcement against dark web marketplaces, following the 30-year prison term given to Ruis-Sian Lin, operator of Incognito Market, in February.
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Darknet kingpin forfeits 1,230 BTC and receives 40-year term over $430M illicit market
A federal judge in Chicago sentenced Empire Market co-creator Raheim Hamilton to 40 years in prison and imposed a $5 million fine for operating a dark web illicit marketplace.
Dark web overlord faces 40 years in jail, cybercrime empire saw $430 million in deals
Raheim Hamilton, who co-founded the dark web marketplace Empire, has been sentenced to 40 years in prison. At its peak, the marketplace had roughly 1.68 million unique registered users who could buy and sell illegal goods and services.
BleepingComputer
IT Security News - cybersecurity, infosecurity newsOwner of Empire cybercrime market gets 40 years in prison
The co-creator of Empire Market, one of the largest dark web marketplaces before its shutdown, has been sentenced to 40 years in prison for facilitating $430 million in illegal transactions from 2018 to 2020. [...]
The U.S. Department of Justice announced on Wednesday (7) the conviction of Raheim Hamilton (30) to 40 years in prison. The man is pointed out as co-creator of the Empire Market, a web dark market that allowed users to buy and sell illegal goods and services. Authorities point out that the Empire Market worked between 2018 [...] Source: Illegal market operator on the web dark is sentenced to 40 years in prison and to deliver $100 million in Bitc…
securityweek.com
cybernoz.comIn Other News: AI Used in Korean Bank Breaches, Poem-Guided Botnet, Empire Admin Gets 40 Years
Noteworthy stories that might have slipped under the radar: Tensorlake npm SDK compromised, Empire Market co-founder gets 40 years, exposed NVIDIA GPU monitors leak telemetry.
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