Global Stock News

Crypto Mixer Jailed For 12.5 Years After $400M Money Laundering Conviction

Crypto Mixer Jailed For 12.5 Years After $400M Money Laundering Conviction

The founder of a crypto mixing platform will end up in a US prison cell and will call it home for 12.5 years after a federal court ruled that the crypto firm owner was guilty of money laundering.

The sentence serves as a reminder that the US government is serious about cracking down on cryptocurrency platforms that are being used by unscrupulous individuals in their illegal activities.

Crypto Mixer Founder Jail-Bound

A Washington federal court sentenced the founder of the cryptocurrency mixing service Bitcoin Fog to be put behind bars and stay in a state prison for 12.5 years for facilitating money laundering on his platform.

Reports have disclosed that US District Judge Randolph Moss convicted Bitcoin Fog founder Roman…

Source link

Share this article

Scroll to Top