Operator of Bitcoin Fog Crypto Mixer Convicted of Laundering $400M in Bitcoin

• Roman Sterlingov convicted of laundering $400M in bitcoin through Bitcoin Fog darknet service he operated from 2011-2021

• Sterlingov faces up to 20 years in prison; will appeal, says evidence linking him is flawed

• Investigators "painstakingly" traced bitcoin, proving Sterlingov's operation of Bitcoin Fog

• Bitcoin Fog charged fees to mix bitcoins to hide criminal trails; gained notoriety as top crypto money laundering service

• Conviction shows belief crypto mixers provide anonymity is mistaken, warns against attempting to launder cryptocurrencies