US Arrests Alleged Crypto Mixer
Law enforcement officers in the United States have arrested a man on suspicion of laundering hundreds of millions of dollars’ worth of Bitcoin (BTC) through a cryptocurrency mixing service.
A crypto-mixing service—also known as a cryptocurrency tumbler—obscures the original source of potentially identifiable or "tainted" cryptocurrency by jumbling it up with other funds in a single pool.
An arrest warrant for Roman Sterlingov was successfully executed in Los Angeles, California, on April 27 and filed in the United States District Court for the District of Columbia on the same day.
The warrant accuses dual Russian and Swedish citizen Sterlingov of unlicensed money transmission, money laundering, and transmitting money without a license.