‘Bitcoin Fog’ money launderer arrested in Los Angeles


Boston: US officials on Tuesday arrested Roman Sterlingov, the alleged principal operator of cryptocurrency money laundering website Bitcoin Fog, according to a federal court filing.Sterlingov, a citizen of Russia and Sweden, was detained in Los Angeles on money-laundering related charges.Bitcoin Fog, launched in 2011, is one of the original Bitcoin “tumbler” or “mixer” services designed to help users anonymise cryptocurrencies payments, especially on so-called darknet online markets that trafficked in drugs and other illegal products, according to a legal statement accompanying the criminal complaint by Internal Revenue Service special agent Devon Beckett.“Analysis of bitcoin transactions, financial records, internet service provider records, email records and additional investigative information, identifies Roman Sterlingov as the principal operator of Bitcoin Fog,” Beckett wrote.More than 1.2 million Bitcoin (BTC) -- worth approximately $US336 million ($431 million) at the time of the transactions -- were sent through Bitcoin Fog, according to the Beckett statement.A spokesperson for…

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