Russian National Convicted of Laundering $400M in Bitcoin Through Popular Dark Web Mixing Service

Russian-Swedish national Roman Sterlingov convicted by federal jury for operating Bitcoin Fog mixer 2011-2021 to launder $400M
Bitcoin Fog was a popular "tumbler" on dark web used by criminals to launder proceeds from illegal activities
Mixing services obscure origins of digital funds by pooling crypto from users before redistributing to make tracing difficult
Per DOJ, Bitcoin Fog moved over 1.2M bitcoin tied to crimes like drugs, hacking, identity theft, child abuse
Sterlingov faces up to 20 years in prison for money laundering conspiracy and operating unlicensed money transmitter