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Coinpedia
2024-11-09 10:57:52

Bitcoin Fog Founder Convicted: 12.5-Year Sentence & $395M Forfeiture

Bitcoin Fog Founder Convicted: 12.5-Year Sentence & $395M Forfeiture

The post Bitcoin Fog Founder Convicted: 12.5-Year Sentence & $395M Forfeiture appeared first on Coinpedia Fintech News Roman Sterlingov, the founder of Bitcoin Fog—a darknet cryptocurrency mixer—has been sentenced to 12.5 years in prison and ordered to forfeit $395.5 million. This follows his conviction on charges of money laundering, conspiracy, and operating an unlicensed money-transmitting business. Bitcoin Fog, which became popular among criminals, is believed to have handled over 1.2 million Bitcoins, …

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