Dark web crypto laundering kingpin sentenced to 12.5 years in prison
ID: c3eb139a-976f-508c-8dbf-6b035084c9c5
STIX ID: report--c3eb139a-976f-508c-8dbf-6b035084c9c5
Feed Name: The Register (Security)
Threat Score
Roman Sterlingov, operator of the Bitcoin Fog cryptocurrency mixer, was sentenced to 12 years and six months in US prison and ordered to repay roughly $395.6M plus forfeit seized assets after a conviction for running a large-scale money laundering service that processed about 1.2 million Bitcoin between 2011–2021; the report also discusses how mixers pool and redistribute funds to hinder blockchain tracing and notes their legitimate and abusive uses.
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