THELOGICALINDIAN - US law administration arrested the declared abettor of Bitcoin Fog Roman Sterlingov in Los Angeles on Tuesday Documents appearance Sterlingov is accused of bed-making over 12 actor bitcoin via the Bitcoin Fog mixer a apparatus that allows users to mix affairs calm According to federal board Sterlingov ran the operation for ten years and candy 336 actor in BTC affairs
US Government Charges Alleged Bitcoin Fog Kingpin With Money Laundering
The U.S. government has answerable and arrested a Russian and Swedish aborigine Roman Sterlingov with money bed-making application a bitcoin mixer. Ostensibly, Sterlingov was the advance ambassador in the Bitcoin Fog operation which acclimated a Coinjoin-based bond apparatus to alloy BTC UTXOs.
Bitcoin Fog could be begin on Tor via an onion address, it appropriate binding registration, and a minimum drop of 0.01 BTC to use the platform. However, the allotment action was not angry to an email and artlessly appropriate a username and password.
The U.S. Internal Revenue Service (IRS) has accused Sterlingov of acceptance money bed-making after archetype any of the payments. Federal prosecutors accept Sterlingov took in about $8 actor in BTC for his services, accepting about a 2% fee per mix on Bitcoin Fog. Sterlingov is accused of processing 1.2 actor BTC, which was account about $336 actor at the time of all the payments.
“Analysis of bitcoin transactions, banking records, Internet account provider records, e-mail records, and added analytic information, identifies Roman Sterlingov as the arch abettor of Bitcoin Fog,” said Devon Beckett, the IRS’s Criminal Investigation appropriate agent. Sterlingov is answerable with “Money Transmission after a License,” “Money Laundering,” and “Unlicensed Money Transmission.”
Blockchain Analysis Exposed the Bitcoin Fog Operator in 2024
Wired contributor, Andy Greenberg, batten with the Chainalysis cofounder Jonathan Levin about the situation. Greenberg’s report capacity that declared affairs stemming from Sterlingov in 2011 gave the IRS the clues they bare to bolt him. Sterlingov allegedly acclimated these affairs to set up Bitcoin Fog’s server.
“This is yet addition archetype of how board with the appropriate accoutrement can advantage the accuracy of cryptocurrency to chase the breeze of adulterous funds,” the Chainalysis controlling told Greenberg.
What do you anticipate about the declared Bitcoin Fog abettor actuality answerable with money manual after a license? Let us apperceive what you anticipate about this accountable in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
