A federal jury in Washington, D.C. found Russian-Swedish national Roman Sterlingov guilty of running Bitcoin Fog from 2011 until 2021.
Cybercriminals from several darknet markets utilized Bitcoin Fog, one of the longest-running bitcoin “tumblers” on the dark web, to conceal their illicit gains.
By obscuring the source of their digital assets, users can safely withdraw money from “fresh” wallets unrelated to illegal activity by using mixing services, which makes it more difficult for law authorities to track down the original owner of the cash.
After submitting their coins to these platforms, users get an anonymous token that indicates how much they may cash out after deducting a service charge read more Bitcoin Fog mixer operator convicted for laundering $400 million.
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