Bitcoin Fog Operator Convicted in $400 Million Laundering Case

Roman Sterlingov faces up to 50 years in prison, with an appeal planned over jurisdictional and evidence concerns.

Roman Sterlingov, the operator of Bitcoin Fog, was convicted of laundering over $400 million through the longest-running Bitcoin mixing service.
Sterlingov faces up to 50 years in prison, with sentencing scheduled for July 15.
The defense plans to appeal the conviction, citing jurisdictional issues and questioning the reliability of blockchain analysis evidence.
Bitcoin Fog was used by cybercriminals to launder money from various illegal activities, including drug sales and child sexual abuse material.
The case highlights the challenges and complexities of regulating and prosecuting cryptocurrency-related crimes.