@nick7snowcrypto
Roman Sterlingov Receives 12-Year Prison Sentence for Crypto Money Laundering đź”»
> Roman Sterlingov, the founder of the longest-operating cryptocurrency mixer on the darknet, received a prison sentence of 12 years and 6 months from the U.S. Department of Justice
> According to the U.S. Department of Justice, Sterlingov was accused of laundering hundreds of millions of dollars through a cryptocurrency mixer called Bitcoin Fog over a decade
> Prosecutors indicated that Sterlingov conducted approximately 1.2 million Bitcoin (BTC) transactions using Bitcoin Fog from 2011 to 2021, with an estimated value of around 400 million dollars during that period
> U.S. Attorney Matthew M. Graves stated that Sterlingov’s operation of the mixer facilitated illegal activities
> Sterlingov was acquitted by the competent court on charges of money laundering conspiracy, operating an unlicensed money transmitting business, and unlicensed money transmission
> In addition to his prison sentence, Sterlingov will forfeit …
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