Bitcoin Fog operator convicted of laundering $400M in bitcoins on darknet

Roman Sterlingov, a Russian-Swedish citizen, has been found guilty of operating Bitcoin Fog, a bitcoin money laundering service on the darknet, by US federal jury. Sterlingov moved above 1.2 million bitcoin (~$400 million) from 2011 to 2021 before his arrest. He is facing a maximum of 20 years in prison for money laundering conspiracy, operating an unlicensed money transmitting business and other counts. His lawyer intends to appeal.