Roman Sterlingov Sentenced to 12.5 Years for Laundering Tens of Millions via Bitcoin Fog, Billions Unaccounted

Nov 8, 2024, 11:05 PM

Roman Sterlingov, the founder of the cryptocurrency mixing service Bitcoin Fog, has been sentenced to 12.5 years in prison. The court found him guilty of laundering tens of millions of dollars derived from darknet markets that facilitated the sale of illegal drugs. Following the sentencing, the government is in the process of seizing the remaining Bitcoin assets Sterlingov possesses. Despite this, the billions of dollars he allegedly earned through his operations remain unaccounted for. His legal team has announced plans to appeal the court's decision.