Crypto ‘Mixer’ Gets 12 1/2 Years for Money Laundering - Bloomberg

The founder of a cryptocurrency mixing service known as Bitcoin Fog was ordered to serve 12 1/2 years in prison for laundering tens of millions of dollars from darknet markets that sold illegal drugs.

Roman Sterlingov, 36, was sentenced to 150 months Friday in Washington federal court by US District Judge Randolph Moss, who also ordered him to forfeit $395 million and his interest in a Bitcoin Fog wallet with Bitcoin valued at more than $103 million. Sterlingov, a Russian-Swedish national, was convicted by a jury in March on charges tied to operating what prosecutors said was one of the “largest and longest-running money laundering services.”