Crypto mixer Bitcoin Fog founder receives 12.5-year prison sentence
Bitfog founder Roman Sterlingov has been sentenced to 12.5 years in prison and forced to “pay a forfeiture money judgment” of around $395.5 million.
Roman Sterlingov, the founder of the darknet’s oldest cryptocurrency mixer “Bitcoin Fog” has been sentenced to 12.5 years in prison as part of the United States government’s broader crackdown on crypto mixers.
It falls short of prosecutors’ earlier petitions for a 20- to 30-year sentence for Sterlingov following his March conviction by a jury on charges of money laundering, conspiracy to launder money, operating an unlicensed money-transmitting business, and transmitting money without a license.
The United States Department of Justice (DOJ) declared in a Nov. 8 statement that throughout the “decade-long operation, Bitcoin Fog gained notoriety as a go-to money laundering service for criminals.”
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Author: Ciaran Lyons
