Sunday, July 13, 2025
No Result
View All Result
Blockchain Broadcast
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • NFT
  • Blockchain
  • Metaverse
  • DeFi
  • Web3
  • Analysis
  • Regulations
  • Scam Alert
Crypto Marketcap
Blockchain Broadcast
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • NFT
  • Blockchain
  • Metaverse
  • DeFi
  • Web3
  • Analysis
  • Regulations
  • Scam Alert
No Result
View All Result
Blockchain Broadcast
No Result
View All Result

Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases

August 17, 2024
in Crypto Exchanges
Reading Time: 2 mins read
0 0
A A
0
Home Crypto Exchanges
Share on FacebookShare on Twitter



Roman Sterlingov, the person behind the crypto mixer Bitcoin Fog, is contesting a possible 30-year jail sentence following his conviction on a number of cash laundering fees.

In a 37-page sentencing memorandum submitted to the US District Court docket for the District of Columbia, Sterlingov’s protection crew contends that the advisable sentences of 30 and 20 years by the prosecution and Probation Workplace, respectively, “vastly exceed” the penalties imposed in related instances.

The protection argued that these suggestions are disproportionately excessive because of the “cumulative impact” of assorted enhancements that punish completely different elements of the identical conduct — particularly, working a large-scale cash laundering operation.

Laundering conviction

Sterlingov was convicted earlier this 12 months on a number of counts associated to working Bitcoin Fog, a service that allegedly facilitated the laundering of over $47 million in prison proceeds.

The federal government has portrayed him as a central determine in a classy scheme that allowed customers to anonymize Bitcoin transactions, successfully making it tough for legislation enforcement to hint unlawful actions comparable to drug trafficking and different prison enterprises.

Prosecutors alleged that Bitcoin Fog, which Sterlingov operated from 2011 to 2021, was used to launder roughly $400 million in Bitcoin linked to unlawful actions comparable to drug trafficking, id theft, and cybercrime.

Decide Randolph Moss, who’s overseeing the case, initially scheduled Sterlingov’s sentencing for Aug. 21. Nonetheless, the court docket will now first hear arguments relating to the federal government’s efforts to grab belongings tied to Bitcoin Fog, together with 1,354 Bitcoin which have remained dormant since 2012 and a possible $395 million monetary judgment.

Circumstantial proof

Nonetheless, Sterlingov’s attorneys argued that the case towards him relied closely on circumstantial proof, noting that key parts such because the Bitcoin Fog server, server logs, non-public keys, or ledger had been by no means entered into proof in the course of the trial.

The protection emphasised that he has no prior prison historical past and has led an in any other case exemplary life. It additionally asserted that the jury’s verdict aligns extra with aiding and abetting quite than instantly working the Bitcoin Fog operation, suggesting that Sterlingov’s position was much less central than prosecutors have portrayed.

The protection additional argued that the sentencing tips, that are closely influenced by the greenback quantities concerned within the offense, don’t precisely mirror Sterlingov’s culpability.

It contended that the rules’ give attention to the worth of the laundered funds is misplaced on this case, because it fails to account for the truth that Sterlingov didn’t personally revenue from the transactions and that most of the funds handed via Bitcoin Fog with out his direct involvement.

Newest Alpha Market Report



Source link

Tags: 30yeararguesBitcoincasesexceedsFogFoundersentencesimilarvastly
Previous Post

New Native Token for Web3 Infrastructure Project Surges by 38% This Week, Defying Wider Crypto Market Slump

Next Post

Coinbase Hints at Potential cbBTC Launch Following BitGo Wrapped Bitcoin Controversy

Related Posts

Memecoin platform PumpFun concludes one of the fastest ICOs, raising 0M in 12 minutes
Crypto Exchanges

Memecoin platform PumpFun concludes one of the fastest ICOs, raising $600M in 12 minutes

July 12, 2025
Rheinmetall Stock Analysis: Growth Priced In?
Crypto Exchanges

Rheinmetall Stock Analysis: Growth Priced In?

July 13, 2025
Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand
Crypto Exchanges

Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand

July 11, 2025
Tornado Cash co-founder may seek trial delay amid witness dispute
Crypto Exchanges

Tornado Cash co-founder may seek trial delay amid witness dispute

July 10, 2025
Rex-Osprey spot Solana ETF doubles cumulative inflows to M on July 8
Crypto Exchanges

Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

July 9, 2025
What Is Copy Trading in Crypto? A Beginner’s Guide
Crypto Exchanges

What Is Copy Trading in Crypto? A Beginner’s Guide

July 9, 2025
Next Post
Coinbase Hints at Potential cbBTC Launch Following BitGo Wrapped Bitcoin Controversy

Coinbase Hints at Potential cbBTC Launch Following BitGo Wrapped Bitcoin Controversy

Real World Assets (RWA) in 2024: Everything You Need to Know About the Hottest Investment Trend | by Kevin Do | The Dark Side

Real World Assets (RWA) in 2024: Everything You Need to Know About the Hottest Investment Trend | by Kevin Do | The Dark Side

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter Instagram Youtube RSS
Blockchain Broadcast

Blockchain Broadcast delivers the latest cryptocurrency news, expert analysis, and in-depth articles. Stay updated on blockchain trends, market insights, and industry innovations with us.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3
No Result
View All Result

SITEMAP

  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Blockchain Broadcast.
Blockchain Broadcast is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$118,449.000.81%
  • ethereumEthereum(ETH)$2,988.401.76%
  • rippleXRP(XRP)$2.821.56%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$692.410.74%
  • solanaSolana(SOL)$162.711.77%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2000042.06%
  • tronTRON(TRX)$0.3027030.78%
  • staked-etherLido Staked Ether(STETH)$2,988.401.80%
No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • NFT
  • Blockchain
  • Metaverse
  • DeFi
  • Web3
  • Analysis
  • Regulations
  • Scam Alert

Copyright © 2024 Blockchain Broadcast.
Blockchain Broadcast is not responsible for the content of external sites.