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Crypto ‘Mixer’ Convicted of Money Laundering on Bitcoin Fog

The founder of a cryptocurrency mixing service known as Bitcoin Fog was convicted in Washington federal court of helping to launder tens of millions of dollars from darknet markets known for selling illegal drugs.A jury on Tuesday concluded Roman Sterlingov, 35, provided a service that jumbled digital tokens to make it more difficult to find the source of proceeds from illegal activities. The government claimed Bitcoin Fog processed more than $400 million in untraceable transactions, including s...

Read more at bloomberg.com

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