Alleged $366M Bitcoin mixer busted after analysis of 10 years of blockchain data
A Swedish-Russian citizen has been charged with operating a multi-million Bitcoin laundering service after authorities traced his crypto transactions from 2011. U.S. authorities have arrested the alleged mastermind behind a multi-million darknet-based BTC mixing service, Bitcoin Fog, after analyzing 10 years of blockchain data.Authorities have issued a chilling warning to other users of illegal blockchain services: Anything you do today may come back to haunt you as “this activity is on this ledger forever” and ever-more sophisticated analytics technology can track down crimes committed....
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U.S. law enforcement arrested the alleged operator of Bitcoin Fog, Roman Sterlingov in Los Angeles on Tuesday. Documents show Sterlingov is accused of laundering over 1.2 million bitcoin via the Bitcoin Fog mixer, a tool that allows users to mix transactions together. According to federal investigators, Sterlingov ran the operation for ten years and processed $336 million in BTC transactions. US Government Charges Alleged Bitcoin Fog Kingpin With Money Laundering The U.S. government has charged and arrested a Russian and Swedish citizen Roman Sterlingov with money laundering using a....
U.S. officials have arrested the alleged operator of Bitcoin Fog, a custodial bitcoin mixer that it says processed over 1.2 million BTC.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury Department. Treasury Department Sanctions Crypto Mixer The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Friday that it has sanctioned crypto mixer Blender.io (Blender). According to the OFAC, this mixing service is used by the Democratic....
If you are in the San Francisco area, there is an event that you won't want to miss. The Startup and Tech Mixer is taking place at the W Hotel and begins today, Friday, February 7th. Whether you are attending to learn, connect, create new possibilities for yourself, or simply to have fun, Startup and Tech Mixer has something for everyone. The event will feature leading innovators in the tech space, and guest speakers from leading Bitcoin companies like BitPay and BitGive. Topics will range from "The Future of Giving" to "To Bitcoin or Not to Bitcoin," along with many others related to....
An international crime syndicate that siphoned money from ATM machines via cloned debit and credit cards was busted by authorities in India. Investigations revealed that the stolen cash was converted to bitcoin before being dispersed to members of the crime syndicate. An international crime racket involving key members in India and the United Arab Emirates was busted by Indian authorities. The criminal activity saw cloned cards stealing money from ATMs in various locations across India, the Times of India reports. Eventually, the stolen money was converted to bitcoin before being....