Bitcoin

Mastermind

Tornado Cash

Helix

Tornado

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Roman Sterlingov, the operator of Bitcoin Fog, was convicted for money laundering.</li>
 <li>Crypto mixers have faced increased scrutiny from lawmakers and the U.S. government.</li>
</ul>
<p>Roman Sterlingov, the operator of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> Fog, a crypto mixer, was found guilty of laundering millions of dollars.</p>
<p>This verdict was issued by a jury in a Washington federal court, who found Sterlingov guilty on all counts after two days of deliberation.</p>
<h2 id="sterlingov-s-charges-and-trial">Sterlingov’s Charges and Trial</h2>
<p>Sterlingov was initially charged with money laundering and operating an illegal money transmission service in 2021.</p>
<p>The government claimed that Bitcoin Fog had processed hundreds of millions of dollars, with $78 million originating from known darknet markets.</p>
<p>Sterlingov, who denied running Bitcoin Fog, could face up to 20 years in prison.</p>
<p>During the trial, other crypto criminals such as Ilya Lichtenstein and Larry Harmon testified.</p>
<p>Lichtenstein pleaded guilty to money laundering conspiracy charges relating to the 2016 hacking of crypto trading platform Bitfinex.</p>
<p>Harmon confessed to operating the Bitcoin mixing service Helix and pleaded guilty to money laundering in 2021.</p>
<h2 id="sterlingov-s-defence">Sterlingov’s Defence</h2>
<p>Sterlingov, while testifying, stated that he couldn’t recall whether he created the Bitcoin Fog domain name and expressed doubt that he had done so.</p>
<p>His lawyer also claimed that there was no evidence to prove Sterlingov operated Bitcoin Fog.</p>
<p>Crypto mixers have become a point of concern for lawmakers and the U.S. government in recent years.</p>
<p>The Treasury Department’s Office of Foreign Assets Control has sanctioned several virtual currency mixers, including Tornado Cash and Sinbad.</p>
<p>Some lawmakers in Washington have expressed concerns about crypto mixers and the challenges they pose for tracing money flows.</p>

Bitcoin Fog Mastermind Guilty of Crypto Money Laundering, Reports Bloomberg

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