November 11, 2024 at 07:41AM Roman Sterlingov, operator of Bitcoin Fog, was sentenced to 12.5 years in prison for laundering over $400 million through his cryptocurrency mixing service. He must repay nearly $400 million and forfeit assets. His service facilitated various crimes, highlighting the Justice Department’s commitment to combatting illegal money laundering operations. ### Meeting … Read more
November 9, 2024 at 01:12AM Roman Sterlingov, founder of the Bitcoin Fog cryptocurrency mixer, was sentenced to 12.5 years in prison for money laundering between 2011 and 2021. He must forfeit $395.56 million and his interest in a wallet holding 1,345 bitcoins. Bitcoin Fog laundered over $400 million for various cybercriminal activities. **Meeting Takeaways – … Read more
March 14, 2024 at 10:51AM A 34-year-old Russian-Canadian, Mikhail Vasiliev, received a nearly four-year jail sentence in Canada for his involvement in the LockBit ransomware operation. He pleaded guilty to cyber extortion, mischief, and weapons charges. Vasiliev, described as a “cyber-terrorist,” sought ransom payments from Canadian companies and has been ordered to pay back over … Read more
March 13, 2024 at 08:59AM Roman Sterlingov, a Russian-Swedish national, was convicted for operating Bitcoin Fog, a prominent cryptocurrency “tumbler” used by cybercriminals to launder illicit proceeds. The service allowed users to obfuscate the origin of their digital possessions, laundering approximately $400 million linked to various crimes. Sterlingov faces a maximum penalty of 20 years … Read more