HomeTECH NEWSBitcoin big shot just arrested for laundering $336 million

Bitcoin big shot just arrested for laundering $336 million

Roman Sterlingov has been arrested by U.S. authorities for allegedly laundering over 1.2 million Bitcoin, which is worth over $336 million. Sterlingov is believed to be the administrator of a “mixing” service called Bitcoin Fog, which was used to hide transactions to stop anyone being able to trace payments. 

Stelringov is a resident of Russia and Sweden but was arrested on Tuesday at Los Angeles International Airport. Sterlingov is thought to have personally taken commissions on the Bitcoin he laundered worth as much as $8 million, according to IRS estimates and according to Wired. He has been charged with money transmission without a licence, money laundering and unlicensed money transmission in the District of Columbia. 

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