Posted 3/12/2024, 7:20:00 PM
Bitcoin Fog Founder Convicted of Laundering $860M in Bitcoin from Darknet Markets
- Roman Sterlingov, founder of Bitcoin Fog mixing service, convicted on 4 money laundering charges
- Facilitated laundering of over $860 million worth of bitcoin from darknet marketplaces
- Faces up to 20 years in prison for the most serious charge
- Part of ongoing crackdown on illicit crypto finance by U.S. and European authorities
- Sentencing scheduled for July 15; attorney says they will appeal
