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Roman Sterlingov, a Russian-Swedish national, has been sentenced to 12.5 years in prison for operating Bitcoin Fog, a crypto mixer, from 2011 to 2021. This sentence comes after Sterlingov was found guilty of laundering approximately $400 million through Bitcoin Fog. Crypto mixers are tools designed to obfuscate the origin and destination of cryptocurrency transactions, making it difficult to track the flow of funds and often used for illicit activities. This case highlights the ongoing efforts to combat money laundering and criminal activities within the cryptocurrency space.

References:

• www.techmeme.com - A US judge sentences Russian-Swedish national Roman Sterlingov to 12.5 years for operating crypto mixer Bitcoin Fog from 2011 to 2021, laundering ~$400M (Sabrina Willmer/Bloomberg) - 13d
• @Techmeme - A US judge sentences Russian-Swedish national Roman Sterlingov to 12.5 years for operating crypto mixer Bitcoin Fog from 2011 to 2021, laundering ~$400M (Sabrina Willmer/Bloomberg) - 13d
• www.bloomberg.com - A US judge sentences Russian-Swedish national Roman Sterlingov to 12.5 years for operating crypto mixer Bitcoin Fog from 2011 to 2021, laundering ~$400M (Sabrina Willmer/Bloomberg) - 13d
• Techmeme - A US judge sentences Russian-Swedish national Roman Sterlingov to 12.5 years for operating crypto mixer Bitcoin Fog from 2011 to 2021, laundering ~$400M (Sabrina Willmer/Bloomberg) - 13d
• The Hacker News - This article reports on the sentencing of Roman Sterlingov, founder of Bitcoin Fog, for money laundering activities. It highlights the length of the sentence and his role in facilitating obfuscated cr - 13d
• CISO2CISO.COM - Bitcoin Fog Founder Sentenced to 12 Years for Cryptocurrency Money Laundering - 13d
• Bitcoinist.com - This story is about a crypto mixer founder sentenced to 12.5 years for money laundering - 12d
• Malware Analysis, News and Indicators - Malware News post on Bitcoin Fog founder sentencing - 9d
• SCM feed for Threat Management - Article on Bitcoin Fog founder sentencing - 9d

Classification:

• HashTags: cryptocurrency moneylaundering cybercrime
• Company: Bitcoin Fog
• Attacker: Roman Sterlingov
• Product: Crypto Mixer
• Feature: Cryptocurrency Transactions
• Type: Crypto
• Severity: Major