Bitcoin

Roman Sterlingov, the founder of the notorious darknet crypto mixer, Bitcoin Fog, has been sentenced to 12.5 years of imprisonment for laundering tens of millions of dollars in illegal drug transactions. According to a <a href="https://www.justice.gov/opa/pr/bitcoin-fog-operator-sentenced-money-laundering-conspiracy" rel="noopener noreferrer nofollow">November 8 statement</a> released by the United States Department of Justice (DOJ), Judge Randolph Moss ordered to forfeit $395 million in assets linked to Bitcoin Fog, including $103 million in Bitcoin.In March 2024, a jury convicted Sterlingov, the 36-year-old Russian-Swiss national, of multiple charges, including <a href="https://cryptotale.org/binance-faces-new-lawsuit-over-money-laundering-allegations/" rel="noopener noreferrer nofollow">money laundering,</a> conspiracy, unauthorized crypto business operations, etc.  While the prosecution sought a prison sentence of 20-30 years for Sterlingov, the court’s recent ruling imposed a significantly lesser sentence. The ruling stated that the platform gained “notoriety as a go-to money laundering service for criminals.” The court further claimed that Bitcoin Fog was transformed into a platform for criminals to hide their illicit activities.Throughout the trial, Sterlingov argued that he was not the operator but only a service user. However, the court found him guilty of the charges and ruled more than a decade of prison sentence for him. In response to the legal development, crime commentator L0la L33tz shared an X post, addressing it as a “grave miscarriage of justice.” The X user slammed the decision, asserting that the ruling is evidence of the <a href="https://cryptotale.org/fidelity-and-ark-lead-541m-outflow-in-us-bitcoin-etf-market/" rel="noopener noreferrer nofollow">US government’s</a> crackdown on financial privacy.<a href="https://cryptotale.org/bitcoin-fog-founder-faces-12-5-years-of-prison-sentence/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Fog Founder Faces 12.5 Years of Prison Sentence

CryptoTale

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