Federal Agents Arrested Alleged Criminals Involved in Bitcoin Mixing

April 28, 2021

A new cryptocurrency fraud goes for tech-savvy people.

As indicated by public court reports, federal agents captured Roman Sterlingov, a Russian and Swedish resident, on three charges coming from his supposed inclusion with bitcoin mixing service Bitcoin Fog, tax evasion, unlicensed cash transmission, and cash transmission without a permit. U.S. authorities have captured the supposed administrator of a bitcoin (BTC) mixing service on claims of laundering almost $336 million in bitcoin more than 10 years. 


While the U.S. government hasn’t followed numerous bitcoin blending administrations previously, investigators have considered such administrations wrongdoing before. Bitcoin Fog permits its clients to move bitcoin to one another while muddling where the coins are being sent from, as per an affirmation documented by IRS Criminal Investigation Special Agent Devon Beckett. The service was dispatched in 2011 and has purportedly been utilized to move some 1.2 million bitcoins. Clients apparently sent BTC from Silk Road, Evolution, AlphaBay, Agora, and Silk Road 2.0. 


Bitcoin stolen from trades through hacks likewise went through Bitcoin Fog, the affidavit guaranteed. Notwithstanding, Bitcoin Fog is certifiably not a Financial Crimes Enforcement Network-enrolled money administrations business and was not authorized to work inside Washington, D.C. Government specialists utilized blockchain examination to decide the 1.2 million figure, just as a portion of the funds for these assets, the record said.


An IRS specialist managed an exchange on Bitcoin Fog, finding that it was a fruitful blending administration. A second exchange that the IRS specialist guaranteed was from an opiates deal was likewise sent through the assistance. Examiners likewise supposedly attached Sterlingov to the Bitcoin Fog space, utilizing an installment made through Liberty Reserve. The examiners additionally attached Sterlingov to Mt. Gox accounts, which the respondent evidently signed into from a similar IP tends to that were utilized for the Liberty Reserve account.



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