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Bitcoin Fog operator convicted of laundering $400M in bitcoins on darknet

A US federal jury has convicted Roman Sterlingov, a dual Russian-Swedish national, for running a money-laundering service, Bitcoin Fog, for a decade. He stands accused of moving over 1.2 million bitcoin (approximately $400 million) through this illegal service. Sterlingov faces up to 20 years in prison for counts of money laundering conspiracy and sting money laundering, plus potential additional charges related to unlicensed money transmission.

Source: packetstormsecurity.com –

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