Sentence of Roman Sterlingov: 12 Years for Crypto Money Laundering

2 days ago

Roman Sterlingov, the founder of one of the longest-operating cryptocurrency mixers on the darknet, was sentenced to 12 years and 6 months by the U.S. Department of Justice.

Details of the Transactions

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 more than a decade.

Nature of the Charges

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.

Resources and Legal Process

U.S. Attorney Matthew M. Graves stated that Sterlingov’s operation of the mixer facilitated illegal activities.

Today's sentence clearly shows that those who assist online payments for illegal activities will face severe penalties. This case also further demonstrates that we have skilled investigators and prosecutors to hold operators of dark web sites accountable.Matthew M. Graves

Sterlingov was convicted on charges of money laundering conspiracy, operating an unlicensed money transmitting business, and unlicensed money transmission. He will forfeit assets valued at 395.5 million dollars, and 1.76 million dollars in cryptocurrency and cash will be seized. Furthermore, he will lose assets worth 103 million dollars in a Bitcoin Fog wallet containing approximately 1,345 BTC. Sterlingov's sentencing is regarded as a significant step in combating online financial crimes.

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