Founder of Crypto Mixer Bitcoin Fog Sentenced to Over 12 Years in Prison on Money Laundering Charges
The founder of the longest-running crypto mixer on the darknet has just been ordered to serve 12 years and six months in prison.
In a statement, the U.S. Department of Justice (DOJ) says Roman Sterlingov was sentenced for operating the cryptocurrency mixer Bitcoin Fog, which laundered hundreds of millions of dollars in digital assets for a decade.
Prosecutors say that the 36-year-old operated Bitcoin Fog from 2011 to 2021 when it processed over 1.2 million Bitcoin (BTC) worth approximately $400 million at the time of the transactions.
The DOJ says the funds were mostly from darknet marketplaces and criminal activities linked to illegal narcotics, computer crimes, identity theft and other illicit acts.
Sterlingov was…
