Despite claiming throughout the trial that he was a casual user, Sterlingov was found guilty of running Bitcoin Fog from 2011 to 2021. Prosecutors presented evidence showing the service’s role as a money laundering hub for criminals.
Operating for over a decade, Bitcoin Fog processed more than 1.2 million bitcoins, valued at approximately $400 million at the time of the transaction. Authorities say most of this cryptocurrency comes from darknet markets.
The most serious charges carry a maximum sentence of 20 years in prison, while the other two charges carry a maximum sentence of five years in prison. Sentencing is scheduled for July 15.
Sterlingov’s lawyer plans to appeal the decision.
Source: Ferra
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