### #BitcoinFog #Cryptocurrency #Sweden
Summary: Roman Sterlingov, the founder of Bitcoin Fog, has been sentenced to over 12 years in prison for running a major cryptocurrency money laundering operation. His service, which ran for a decade, enabled cybercriminals to anonymize their transactions, processing over 1.2 million bitcoin.
Threat Actor: Roman Sterlingov | Roman Sterlingov
Key Point :
- Sterlingov was convicted in March 2024 after a month-long trial.
- Bitcoin Fog operated from 2011 until Sterlingov’s arrest in 2021, processing approximately $400 million in transactions.
- He faced multiple charges, including conspiracy to commit money laundering and operating an unlicensed money transmitting business.
Original Source: https://www.justice.gov/opa/pr/bitcoin-fog-operator-sentenced-money-laundering-conspiracy
Cyber Law and Cybercrime Investigation Blog: Immuniweb