So Roman Sterlingov got hit by the US DOJ, right? Max penalty is 20 years. Pretty wild considering Bitcoin Fog has been around since 2011.
Bitcoin Fog Mixer Operator Convicted: What's Next?
11 replies 417 views
tony_4tl4sMember
Posts: 85 · Reputation: 84
#2Mar 15, 2024, 02:42 PM
His defense was kinda weak tho. "I didn't run the site, maybe I worked there... I don’t really know." Like, dude, really?
Blockchain is the worst spot for crime tbh. Everything is traceable. No statute of limitations in the US either, so they can come for you anytime.
mike.degenMember
Posts: 37 · Reputation: 228
#4Mar 18, 2024, 02:02 AM
Right! It seems they only traced him now. Must be some insane analysis tech they’re using. Makes you think twice about using mixers.
Totally agree. Those criminals think they’re slick, but there’s always eyes watching. Look at that Jimmy guy who messed up by moving coins to a CEX.
f0rk_5tackNewbie
Posts: 32 · Reputation: 3
#6Mar 18, 2024, 06:21 AM
Blockchain analysis isn’t perfect. It’s prone to errors, especially with heuristic methods. Even pros admit it’s more art than hard science.
That’s true. But even imperfect analysis narrows down suspects. Once they find a few cooperating, the whole network can be exposed.
Exactly, they probably wanted solid evidence before grabbing him. Plus, going after the customers too makes sense. Get the whole operation, not just one dude.
tony_4tl4sMember
Posts: 85 · Reputation: 84
#9Mar 20, 2024, 02:16 AM
But seriously, if he had nothing to do with Bitcoin Fog, why risk going to the US? Seems like a dumb move if you ask me.
I know right? It’s like asking for trouble. You just don’t walk into the lion’s den expecting to be ignored. Foolish.
Anyone caught using Bitcoin for crime deserves jail time. It messes it up for the rest of us. Today it’s Sterlingov, tomorrow who knows?
ben.matrixNewbie
Posts: 1111 · Reputation: 35
#12Mar 21, 2024, 06:46 AM
Another one bites the dust. 12.5 years in prison and he has to forfeit nearly $400 million. It’s about time they cracked down on these mixers.
Related topics
- Introducing UmbraSet: Simplifying Bitcoin CoinJoin 2
- Can Bitcoin Transactions Be Traced? Privacy Risks and Future Tech 20
- Buying Bitcoin Anonymously: Possibilities and Risks 20
- Can Bitcoin Integrate Ring Signatures? 8
- Mixer Regulations and Privacy Concerns 21
- Privacy in Bitcoin Transactions: Exploring Confidential Transactions 20