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Cryptocurrency ‘mixer’ sentenced for money laundering on Bitcoin Fog
The founder of a cryptocurrency mixing service known as Bitcoin Fog has been found guilty in a federal court in Washington of helping to launder tens of millions of dollars from darknet markets known for selling illegal drugs.
A jury concluded on Tuesday Roman Sterlingov35, provided a service that mixed digital tokens to make it harder to trace the source of proceeds from illegal activities. Prosecutors said Bitcoin Fog processed more than $400 million in untraceable transactions, including $78 million involving known darknet markets.