Wall Street-Backed Crypto Tracer Faces ‘Junk Science’ Attack
- Roman Sterlingov faces trial on money laundering charges
- Lawyer assails reliability of Chainalysis software used by IRS
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US cyber sleuths spent seven years trying to unmask the shadowy figure who ran Bitcoin Fog, a dark web service that authorities say helped criminals launder cryptocurrency for a decade.
To find their man, Internal Revenue Service agents turned to Chainalysis Inc., a blockchain analytics firm that helps law enforcement and corporations trace the flow of illicit funds. Using Chainalysis software, agents analyzed hundreds of thousands of Bitcoin Fog transactions.