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<p>In a significant victory for the U.S. government’s efforts to combat illicit <a href="https://www.cryptopolitan.com/xrps-volatility-and-amms-in-cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> activities, Roman Sterlingov, the founder of Bitcoin Fog, has been convicted on multiple charges related to money laundering. This verdict marks another milestone in the ongoing crackdown on crypto mixers and their operators.</p>
<h2 class="wp-block-heading" id="verdict-and-charges">Verdict and charges</h2>
<p>Roman Sterlingov, aged 35, was found guilty in a United States District Court on Tuesday, March 12. The charges against him include money laundering, money laundering conspiracy, operating an unlicensed money-transmitting business, and violations of the D.C. Money Transmitters Act. Sterlingov maintained his innocence throughout the trial, asserting he was merely a service user, not its operator. However, the evidence presented during the trial painted a different picture.</p>
<p>Bitcoin Fog, operated by Sterlingov from October 2011 to April 2021, facilitated the laundering of over 1.2 million Bitcoin (BTC) worth approximately $400 million at the time of the transactions. The majority of these funds were sourced from darknet marketplaces associated with illegal activities such as narcotics trade, computer fraud, identity theft, and the distribution of child sexual abuse material. The service provided a platform for criminals to conceal the origin of their illicit proceeds from law enforcement.</p>
<h2 class="wp-block-heading" id="legal-consequences-and-forfeiture">Legal consequences and forfeiture</h2>
<p>The conviction carries severe penalties, with the most serious charges of money laundering conspiracy and money laundering sting, each carrying a maximum sentence of 20 years in prison. Additionally, Sterlingov faces charges with a maximum sentence of five years in prison. Sentencing is scheduled for July 15.&nbsp;</p>
<p>Moreover, the jury has ordered the forfeiture of assets seized from Bitcoin Fog, including 1,354 BTC held in a <a href="https://www.cryptopolitan.com/nearly-400-million-in-bitcoin-liquidated/" rel="noopener noreferrer nofollow">Bitcoin</a> Fog wallet and nearly $350,000 in various cryptocurrencies held in a seized Kraken account.</p>
<p>Roman Sterlingov’s conviction is part of a broader effort by the U.S. government to uncover and prosecute individuals involved in illicit cryptocurrency activities. Another prominent figure in this crackdown is Roman Storm, the co-founder of Tornado Cash, a cryptocurrency mixer.&nbsp;</p>
<p>Storm is set to face trial in September on charges including conspiracy to commit money laundering, conspiracy to operate an unlicensed money-transmitting business, and conspiracy to violate the International Emergency Economic Powers Act. Despite these legal challenges, Storm has pleaded not guilty to all charges.</p>

Crypto mixer founders convicted in U.S. government crackdown

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