Bitcoin Fog Founder Sentenced to 12 Years for Cryptocurrency Money Laundering

The 36-year-old founder of the Bitcoin Fog cryptocurrency mixer has been sentenced to 12 years and six months in prison for facilitating money laundering activities between 2011 and 2021.

Roman Sterlingov, a dual Russian-Swedish national, pleaded guilty to charges of money laundering and operating an unlicensed money-transmitting business earlier this March.

The U.S. Department of Justice (DoJ) described Bitcoin Fog as the darknet's longest-running cryptocurrency mixer, allowing cybercriminals to conceal the source of their cryptocurrency proceeds.

See more: https://thehackernews.com/2024/11/bitcoin-fog-founder-sentenced-to-12.html

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