Founder of cryptocurrency mixing service Bitcoin Fog found guilty of money laundering
The founder of the cryptocurrency mixing service Bitcoin Fog was convicted in a federal court in Washington for laundering tens of millions of dollars for dark web markets known for selling illegal drugs. On Tuesday, a jury made the verdict that 35-year-old Roman Sterlingov's mixing service made it more difficult to trace the source of illegal activity profits. The government claims that Bitcoin Fog processed over $400 million in untraceable transactions, some of which came from illegal markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
