• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Fog Founder Sentenced to Prison

user avatar

by Giorgi Kostiuk

8 months ago


Roman Sterlingov, the founder of the darknet’s first cryptocurrency mixer Bitcoin Fog, has been sentenced to 12.5 years in prison in the U.S.

Sentence and Charges

Roman Sterlingov was convicted of money laundering, conspiracy to launder money, operating an unlicensed money-transmitting business, and transmitting money without a license. Prosecutors sought a sentence of 20 to 30 years, but the court imposed a lesser sentence.

Bitcoin Fog's Operations

The U.S. Department of Justice stated that Bitcoin Fog gained notoriety as a 'go-to money laundering service for criminals' during its more than a decade-long operation. Reportedly, the service processed over 1.2 million bitcoins, worth around $400 million at the time. Sterlingov maintains he was only a user of the service, not its operator.

Criticism and Further Actions

Some critics, like crime commentator L0la L33tz, condemned the sentence, calling it a 'grave miscarriage of justice'. While Sterlingov’s remaining bitcoins are being seized, the billions he allegedly earned remain unaccounted for.

'A grave miscarriage of justice,' according to L0la L33tz.

Sterlingov's sentence highlights the growing scrutiny by the U.S. government on crypto mixers and related crimes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Ripple Appoints BNY Mellon as Primary Custodian for RLUSD Reserves

chest

Ripple has appointed BNY Mellon as the primary custodian for RLUSD reserves, enhancing trust in its stablecoin initiative.

user avatarGiorgi Kostiuk

Legislation Proposing Sanctions on El Salvador Due to Bitcoin and Human Rights Violations

chest

U.S. Senators proposed a bill that could impose sanctions on El Salvador for its Bitcoin holdings and alleged human rights abuses.

user avatarGiorgi Kostiuk

Fidelity and BlackRock Drive $80 Million Bitcoin ETF Inflows

chest

Fidelity and BlackRock show rising institutional interest in Bitcoin with an $80 million net inflow.

user avatarGiorgi Kostiuk

UpSkill Universe and Google Launch Program for 10,000 African SMEs

chest

The 'Skills for Business' program by UpSkill Universe aims to assist small and medium enterprises in Africa in acquiring digital skills.

user avatarGiorgi Kostiuk

Revised UBS Forecast: RBA Rates and Optimism for AUD/USD

chest

UBS revises its RBA rate cut expectations while maintaining optimism for AUD/USD. The article explores key factors and their market impact.

user avatarGiorgi Kostiuk

Ban on Crypto ATMs and Transfer Limits: New Zealand Strengthens Anti-Money Laundering Efforts

chest

New Zealand has banned crypto ATMs and set a $5,000 limit on international cash transfers as part of reforms to combat money laundering.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.