Bitfog founder Roman Sterlingov has been sentenced to 12.5 years in jail and compelled to “pay a forfeiture cash judgment” of round $395.5 million.
Roman Sterlingov, the founding father of the darknet’s oldest cryptocurrency mixer “Bitcoin Fog” has been sentenced to 12.5 years in jail as a part of america authorities’s broader crackdown on crypto mixers.
It falls in need of prosecutors’ earlier petitions for a 20- to 30-year sentence for Sterlingov following his March conviction by a jury on costs of cash laundering, conspiracy to launder cash, working an unlicensed money-transmitting enterprise, and transmitting cash with out a license.
The US Division of Justice (DOJ) declared in a Nov. 8 assertion that all through the “decade-long operation, Bitcoin Fog gained notoriety as a go-to cash laundering service for criminals.”
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