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U.S. Officials Arrest Russian Suspect in Alleged $336M Bitcoin Laundering Scheme April 29, 2021 Roman Sterligov was allegedly the main operator of a bitcoin mixing platform that helped users anonymize their payments, especially on the dark web. Kirill Zykov / Moskva News Agency United States law enforcement authorities have arrested a Russian citizen in Los Angeles whose bitcoin mixing platform allegedly helped users launder $336 million over a decade, Reuters reported Tuesday. Roman Sterligov was the main operator of Bitcoin Fog, a website founded in 2011 to help users anonymize cryptocurrency payments, especially on darknet markets where drugs and other illegal products were sold, Reuters cited the IRS as saying.
TechnologyU.S. arrests alleged 'Bitcoin Fog' money launderer Lawrence Delevingne 2 minutes read A Bitcoin logo is displayed at the Bitcoin Center New York City in New York's financial district July 28, 2015. REUTERS/Brendan McDermid U.S. officials on Tuesday arrested Roman Sterlingov, the alleged principal operator of cryptocurrency money laundering website Bitcoin Fog, according to a federal court filing. Sterlingov, a citizen of Russia and Sweden, was detained in Los Angeles on money-laundering related charges. Bitcoin Fog, launched in 2011, is one of the original Bitcoin "tumbler" or "mixer" services designed to help users anonymize cryptocurrencies payments, especially on so-called darknet online markets that trafficked in drugs and other illegal products, according to a legal statement accompanying the criminal complaint by Internal Revenue Service special agent Devon Beckett.
Feds arrest founder of bitcoin ‘mixer’ they say laundered $335 million over ten years Bitcoin Fog let clients obscure the origins of their transactions, according to the DOJ Share this story Illustration by Alex Castro / The Verge The Department of Justice said it has arrested a Russian-Swedish national who allegedly operated a long-running cryptocurrency laundering site. According to a news release from the DOJ, Roman Sterlingov ran Bitcoin Fog, a cryptocurrency tumbler or “mixer”— which hides a cryptocurrency’s source by mixing it with other funds. Bitcoin Fog gained “notoriety as a go-to money laundering service for criminals seeking to hide their illicit proceeds from law enforcement,” according to the DOJ. The department says over the course of 10 years, Bitcoin Fog moved more than 1.2 million bitcoin, valued at the time of the transactions at around $335 million.
‘Bitcoin Fog’ money launderer arrested in Los Angeles We’re sorry, this service is currently unavailable. Please try again later. Dismiss By Lawrence Delevingne Normal text size Advertisement Boston: US officials on Tuesday arrested Roman Sterlingov, the alleged principal operator of cryptocurrency money laundering website Bitcoin Fog, according to a federal court filing. Sterlingov, a citizen of Russia and Sweden, was detained in Los Angeles on money-laundering related charges. The Bitcoin logo at a store in Salem, New Hampshire. Credit:AP Bitcoin Fog, launched in 2011, is one of the original Bitcoin “tumbler” or “mixer” services designed to help users anonymise cryptocurrencies payments, especially on so-called darknet online markets that trafficked in drugs and other illegal products, according to a legal statement accompanying the criminal complaint by Internal Revenue Service special agent Devon Beckett.
By Syndicated Content By Lawrence Delevingne BOSTON (Reuters) â U.S. officials on Tuesday arrested Roman Sterlingov, the alleged principal operator of cryptocurrency money laundering website Bitcoin Fog, according to a federal court filing. Sterlingov, a citizen of Russia and Sweden, was detained in Los Angeles on money-laundering related charges. Bitcoin Fog, launched in 2011, is one of the original Bitcoin âtumblerâ or âmixerâ services designed to help users anonymize cryptocurrencies payments, especially on so-called darknet online markets that trafficked in drugs and other illegal products, according to a legal statement accompanying the criminal complaint by Internal Revenue Service special agent Devon Beckett.
Apr 28, 2021 U.S. officials have arrested the alleged operator of Bitcoin Fog, a custodial bitcoin mixer that it says processed over 1.2 million BTC. U.S. officials have arrested Roman Sterlingov, a citizen of Russia and Sweden, after identifying him as the alleged operator of custodial bitcoin mixing service Bitcoin Fog. According to an arrest warrant, Sterlingov faces three charges: unlicensed money transmission, money laundering and money transmission without a license. An affidavit filed by a special agent of the Internal Revenue Service revealed that Sterlingov was identified through blockchain analysis. The tactic used by law enforcement also allowed it to “[confirm] that over 1.2 million BTC ... have been sent through [Bitcoin Fog] since the site was launched in 2011,” totaling around $336 million at the time of the transactions.
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.