Crypto ‘Mixer’ Gets 12 1/2 Years for Money Laundering
(Bloomberg) — The founder of a cryptocurrency mixing service known as Bitcoin Fog was ordered to serve 12 1/2 years in prison for laundering tens of millions of dollars from darknet markets that sold illegal drugs.
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Roman Sterlingov, 36, was sentenced to 150 months Friday in Washington federal court by US District Judge Randolph Moss. Sterlingov, a Russian-Swiss national, was convicted by a jury in March on charges tied to operating what prosecutors said was one of the “largest and longest-running money laundering services.”
Sterlingov provided a service that jumbled digital tokens to make it more difficult to find the source of proceeds from illegal activities. Prosecutors said Bitcoin Fog processed…
