Crypto Mixer Jailed For 12.5 Years After $400M Money Laundering Conviction
The founder of cryptocurrency mixing platform Bitcoin Fog has been sentenced to 12.5 years in a US prison for money laundering, with the court emphasizing the seriousness of cracking down on crypto platforms used for illegal activities. The founder, Roman Sterlingov, was convicted of laundering $400 million in criminal proceeds, with the prosecutors highlighting the platform's role in facilitating money laundering for activities such as narcotics.
Despite a lighter sentence than what the government suggested, the judge stressed the need for a harsh penalty to deter others in the crypto space from similar actions. The case serves as a warning about the US government's commitment to holding individuals accountable for aiding criminals through cryptocurrency platforms.
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