The founder of a cryptocurrency mixing service known as Bitcoin Fog was convicted in Washington federal court of helping to launder tens of millions of dollars from darknet markets known for selling illegal drugs.
A jury on Tuesday concluded Roman Sterlingov, 35, 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 more than $400 million in untraceable transactions, including $78 million involving known darknet markets.
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Sabrina Willmer
https://www.bloomberg.com/news/articles/2024-03-12/crypto-mixer-convicted-of-money-laundering-on-bitcoin-fog
2024-03-12 07:00:00
