The founding father of the longest-running crypto mixer on the darknet has simply been ordered to serve 12 years and 6 months in jail.
In a press release, the U.S. Division of Justice (DOJ) says Roman Sterlingov was sentenced for working the cryptocurrency mixer Bitcoin Fog, which laundered lots of of thousands and thousands of {dollars} in digital belongings for a decade.
Prosecutors say that the 36-year-old operated Bitcoin Fog from 2011 to 2021 when it processed over 1.2 million Bitcoin (BTC) value roughly $400 million on the time of the transactions.
The DOJ says the funds had been principally from darknet marketplaces and prison actions linked to unlawful narcotics, laptop crimes, id theft and different illicit acts.
Sterlingov was sentenced following a one-month jury trial earlier this yr, which discovered him responsible of cash laundering conspiracy, cash laundering, working an unlicensed cash transmitting enterprise and cash transmission and not using a license.
Says US Legal professional Matthew M. Graves for the District of Columbia,
“At this time’s sentence sends an unmistakable message: those that assist criminals with on-line funds for his or her unlawful actions will face critical penalties. This prosecution additionally offers extra proof that we’ve the expert investigators and gifted prosecutors wanted to carry those that function these darknet websites accountable.”
Along with the jail time period, Sterlingov was ordered to pay a forfeiture cash judgment of $395.5 million and forfeit $1.76 million value of crypto and financial belongings. He was additionally ordered to forfeit his curiosity in a Bitcoin Fog pockets holding roughly 1,345 BTC value over $103 million.
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