The founder of a cryptocurrency mixing service known as Bitcoin Fog was sentenced to 150 months in prison for laundering tens of millions of dollars from darknet markets that sold illegal drugs.

The founder of the cryptocurrency mixing service Bitcoin Fog has been sentenced to 12 and a half years in prison for involvement in money laundering. According to Bloomberg, Bitcoin Fog processed hundreds of millions of dollars in untraceable transactions, some of which came from known dark web markets. Roman Sterlingov was convicted of conspiracy to commit money laundering, money laundering, and two charges related to operating an unregistered money transmission service.

According to Foresight News and reported by Bloomberg, the founder of the cryptocurrency mixing service Bitcoin Fog has been sentenced to 12 and a half years in prison for laundering millions of dollars from the sale of illegal drugs on darknet markets. Prosecutors stated that Bitcoin Fog handled hundreds of millions of dollars in untraceable transactions, some of which came from known darknet markets. Roman Sterlingov was convicted of conspiracy to commit money laundering, money laundering, and two charges related to operating an unregistered money transmission service.

The founder of the cryptocurrency mixing service Bitcoin Fog has been sentenced to 12 and a half years in prison for involvement in money laundering.

According to Bloomberg, the founder of the cryptocurrency mixing service Bitcoin Fog has been sentenced to 12 and a half years in prison for laundering tens of millions of dollars from the sale of illegal drugs on dark web markets. U.S. District Judge Randolph Moss sentenced 36-year-old Roman Sterlingov to 150 months in federal prison. Prosecutors stated that Bitcoin Fog handled hundreds of millions of dollars in untraceable transactions, some of which came from known dark web markets. Roman Sterlingov was convicted of conspiracy to commit money laundering, money laundering, and two counts related to operating an unlicensed money transfer service.

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<p>According to TechFlow, as reported by Bloomberg, the founder of the cryptocurrency mixing service Bitcoin Fog has been sentenced to 12 and a half years in prison for laundering tens of millions of dollars from the sale of illegal drugs on dark web markets.</p>
<p>U.S. District Judge Randolph Moss sentenced 36-year-old Roman Sterlingov to 150 months in federal court in Washington. Prosecutors stated that Bitcoin Fog processed hundreds of millions of dollars in untraceable transactions, some of which came from known dark web markets. Roman Sterlingov was convicted of conspiracy to commit money laundering, money laundering, and two counts related to operating an unregistered money transfer service.</p>
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The founder of the cryptocurrency mixing service Bitcoin Fog has been sentenced to 12 and a half years in prison for money laundering.

Bitcoin Fog founder Roman Sterlingov was sentenced to 12 and a half years in prison for laundering tens of millions of dollars in illegal drug transactions. Sterlingov provided cryptocurrency mixing services through Bitcoin Fog. 

PANews, November 9 - According to Bloomberg, the founder of the cryptocurrency mixing service Bitcoin Fog has been sentenced to 12 and a half years in prison for laundering tens of millions of dollars from illegal drug sales on dark web markets. U.S. District Judge Randolph Moss sentenced 36-year-old Roman Sterlingov to 150 months in federal court in Washington. Prosecutors stated that Bitcoin Fog handled hundreds of millions of dollars in untraceable transactions, some of which originated from known dark web markets. Roman Sterlingov was convicted of conspiracy to launder money, money laundering, and two counts related to operating an unregistered money transmission service.

According to Bloomberg, Roman Sterlingov, the founder of Bitcoin Fog, has been sentenced to 12 and a half years in prison for laundering tens of millions of dollars from illegal drug transactions. The 36-year-old Sterlingov was sentenced to 150 months in federal court in Washington on Friday, convicted of operating the "largest and longest-running" money laundering service. Sterlingov provided cryptocurrency mixing services through Bitcoin Fog to conceal the source of illegal transactions. Prosecutors had sought a 30-year sentence, accusing him of lying during the trial and denying that he operated the service. The defense attorney argued that the sentence should not exceed seven and a half years.

According to Bloomberg, Roman Sterlingov, the founder of Bitcoin Fog, has been sentenced to 12 and a half years in prison for laundering tens of millions of dollars from illegal drug transactions. The 36-year-old Sterlingov was sentenced to 150 months in federal court in Washington on Friday, with charges including operating the "largest and longest-running" money laundering service. Sterlingov provided cryptocurrency mixing services through Bitcoin Fog to obscure the sources of illegal transactions. Prosecutors had sought a 30-year sentence, accusing him of lying during the trial and denying operating the service. The defense argued that the sentence should not exceed seven and a half years.

The founder of Bitcoin Fog sentenced to 12 and a half years in prison for money laundering.

The founder of a cryptocurrency mixing service known as Bitcoin Fog was ordered to serve 12 1/2 years in prison for laundering tens of millions of dollars from darknet markets that sold illegal drugs.  Roman Sterlingov, 36, was sentenced to 150 months Friday in Washington federal court by US District Judge Randolph Moss. Sterlingov, a Russian-Swiss national, was convicted by a jury in March on charges tied to operating what prosecutors said was one of the “largest and longest-running money laundering services.” 

Crypto ‘Mixer’ Gets 150 Months for Bitcoin Fog Money Laundering

Bitfog founder Roman Sterlingov sentenced to 12.5 years in prison and ordered to pay $395.5 million

Crypto mixer Bitcoin Fog founder sentenced to 12.5 years in prison

Bitcoin Fog founder Roman Sterlingov has been sentenced to 12.5 years in prison for operating a major cryptocurrency mixing service that laundered over $400 million in criminal proceeds. The court also ordered the forfeiture of $395 million in assets, including seized cryptocurrency and Sterlingov’s interest in a Bitcoin wallet with over $103 million in Bitcoin.

Bitcoin Fog founder Roman Sterlingov has been sentenced to 12.5 years in prison for operating a major cryptocurrency mixing service that laundered over $400 million in criminal proceeds. 

The Washington federal court ruling was handed down by U.S. District Judge Randolph Moss, who also ordered the forfeiture of $395 million in assets, including seized cryptocurrency and Sterlingov’s interest in a Bitcoin wallet with over $103 million in Bitcoin.
Bitcoin Fog Founder Sentenced To 12.5 Years
Roman Sterlingov, a Russian-Swiss national, was convicted of multiple charges related to operating Bitcoin Fog, a cryptocurrency “mixer” that obscured the origins of digital currency transactions. The prosecution stated that Bitcoin Fog was a convenient way for criminals to launder the money obtained from criminal activities, including those related to narcotics on the darknet markets.

After a jury trial in March, Sterlingov was found guilty of conspiring to launder money, money laundering, and operating an unregistered money transmitting business.

Bitcoin Fog allowed users to combine or “mix” digital assets, making it harder to trace individual transactions. Prosecutors said that Sterlingov’s service functioned for approximately ten years and had aimed to enable untraceable transactions to support money laundering activities on an extensive scale. 

Principal Deputy Assistant Attorney General Nicole M. Argentieri said that Roman Sterlingov “laundered over $400 million in criminal proceeds through Bitcoin Fog” and noted that the sentence demonstrates the Justice Department’s efforts to prosecute those who facilitate criminal conduct.
Judge Considers Deterrence in Sentencing
Judge Randolph Moss imposed a 12.5-year sentence, which was substantially less than the 30 years requested by the prosecution for the Bitcoin Fog founder. Prosecutors had argued for a severe penalty due to the prolonged and extensive nature of the scheme. “This is criminal activity of a staggering scale over a prolonged period of time,” said prosecutor Christopher Brown. 

Nonetheless, Judge Moss said that a life sentence is excessive given the offense, although he emphasized the need for a significant deterrent in the cryptocurrency sector given that it is often difficult to follow the funds.

Roman Sterlingov said during the sentencing hearing, “I am sorry for any harm that may have come from my actions.” The defense had requested the judge to impose a maximum of 7.5 years saying there was no direct proof of Sterlingov contributing to the running of the Bitcoin Fog. Concurrently, Sterlingov’s attorney, Tor Ekeland, argued that there were no service logs or eyewitness statements that would have placed his client in control of the mixing service.
Recent Sentences In The Crypto Industry
The sentencing of Sterlingov comes amid scrutiny of the crypto industry, as other high-profile cases involving fraud and money laundering unfold. 

Recently, Caroline Ellison, former CEO of Alameda Research, received a two-year prison sentence for her role in the FTX fraud, which defrauded investors out of billions. 

In that case, key witnesses, including Ellison and former FTX engineer Nishad Singh, received lighter sentences or avoided prison time by cooperating with prosecutors against FTX founder Sam Bankman-Fried.

Bitcoin Fog Founder Sentenced To 12.5 Years for $400M Crypto Laundering Scheme

Bitfog founder Roman Sterlingov has been sentenced to 12.5 years in prison and forced to “pay a forfeiture money judgment” of around $395.5 million.

<p style="float: right; margin: 0 0 10px 15px; width: 240px;"><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/11/09/ygg4tt0poo1g.png'/></p><p>Bitfog founder Roman Sterlingov has been sentenced to 12.5 years in prison and forced to “pay a forfeiture money judgment” of around $395.5 million.</p>

Crypto mixer Bitcoin Fog founder receives 12.5-year prison sentence

一名被称为 Bitcoin Fog 的加密货币混合服务创始人因洗钱数千万美元来自于销售非法毒品的暗网市场而被判处150个月的监禁。

加密货币‘混合器’因‘Bitcoin Fog’洗钱被判处150个月监禁

一名被稱爲 Bitcoin Fog 的加密貨幣混合服務創始人因洗錢數千萬美元來自於銷售非法毒品的暗網市場而被判處150個月的監禁。