ROMAN STERLINGOV RECEIVES 12-YEAR PRISON SENTENCE FOR CRYPTO MONEY LAUNDERING

Roman Sterlingov, the founder of Bitcoin Fog, has been sentenced to 12 years and six months in prison for operating a cryptocurrency mixer that laundered hundreds of millions of dollars in digital assets .

Bitcoin Fog was notorious for being the longest-running cryptocurrency mixer on the darknet, allowing cybercriminals to conceal the source of their cryptocurrency proceeds .

Sterlingov pleaded guilty to charges of money laundering and operating an unlicensed money-transmitting business earlier this year .

The U.S. Department of Justice described Bitcoin Fog as a go-to money laundering service for criminals seeking to hide dirty money, processing transactions involving over 1.2 million bitcoin, valued at approximately $400 million .

Key Facts:

Sentence: 12 years and six months in prison

Charges: Money laundering and operating an unlicensed money-transmitting business

Bitcoin Fog: Longest-running cryptocurrency mixer on the darknet

Transactions:Over 1.2 million bitcoin, valued at approximately $400 million

Forfeiture: $395.56 million, plus seized cryptocurrencies and monetary assets valued at approximately $1.76 million