Crypto ‘Mixer’ Convicted of Bitcoin Money Laundering
- Sterlingov found guilty by Washington jury of all four counts
- Verdict is a win for US enforcement crackdown on crypto crimes
The verdict is the latest win for the US in a crackdown on crypto criminals.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
The founder of a cryptocurrency mixing service known as Bitcoin Fog was convicted in Washington federal court of helping to launder tens of millions of dollars from darknet markets known for selling illegal drugs.
A jury on Tuesday concluded Roman Sterlingov, 35, provided a service that jumbled digital tokens to make it more difficult to find the source of proceeds from illegal activities. Prosecutors said Bitcoin Fog processed more than $400 million in untraceable transactions, including $78 million involving known darknet markets.