✉news BusinessCrypto first seen 16 h ago, last 7 h ago, peak #3
'Bitcoin Fog' Operator Loses Money Laundering Appeal
The operator of Bitcoin Fog, a cryptocurrency mixing service, has lost his appeal against his money laundering conviction. Roman Sterlingov was found guilty of running the service, which prosecutors said laundered hundreds of millions of dollars in bitcoin, including funds linked to dark web markets. The upheld conviction is being watched closely as a test case for how far criminal liability extends to crypto privacy tools.
Why now: The appellate ruling sets a significant precedent for criminal liability in the cryptocurrency and mixing-service industry.
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