Background

Bitcoin Mogul’s Downfall: Crypto Kingpin Caught in Web of His Own Greed, DoJ Snags 1.2 Million Transactions Worth $400 MILLION

BitcoinCrypto NewsEnforcement Directorate Doug Martinez November 14, 2024

A comically exaggerated illustration of a person trapped in a web made from tangled cryptocurrency chains, with dollar signs and broken locks scattered around them. The figure is shown as Roman Sterlingov, wearing a crown symbolizing his 'Crypto Kingpin' status but now being torn apart by the very system he once controlled.

Another notch on the belt for Roman Sterlingov, a.k.a. ‘the crypto crook’ – this time it’s not Bitcoin Fog that’s been put out to pasture (although we’ll miss you), but rather his own freedom. The U.S. Department of Justice has finally caught up with him, and he’s off to do some serious time for running the longest-running bitcoin money laundering service on the darknet. We’re talking over 1.2 million transactions valued at a whopping $400 MILLION – all courtesy of this ‘service’. It seems like Roman had quite an appetite for dirty cash (and we mean that literally).

Source: bitcoin.com

DOJ Strikes Bitcoin Fog: The End of Darknet’s Most Elusive BTC Service
https://news.bitcoin.com/doj-strikes-bitcoin-fog-the-end-of-darknets-most-elusive-btc-service
A landmark sentencing has closed the chapter on Bitcoin Fog, the longest-running bitcoin mixing service on the darknet, with its operator facing over a decade in prison. The U.S. Department of Justice (DOJ) announced Friday that Roman Sterlingov has been sentenced to prison for operating Bitcoin Fog, a BTC mixing service. The DOJ stated: A dual Russian-Swedish national was sentenced today to 12 years and six months in prison for […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2025 Cryptobro Magazine
X-twitter