Tuesday, June 10, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
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 TwitterShare on E Mail



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 Courtroom for the District of Columbia, Sterlingov’s protection group contends that the really helpful sentences of 30 and 20 years by the prosecution and Probation Workplace, respectively, “vastly exceed” the penalties imposed in related circumstances.

The protection argued that these suggestions are disproportionately excessive as a result of “cumulative impact” of assorted enhancements that punish completely different points of the identical conduct — particularly, operating 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 regulation enforcement to hint unlawful actions reminiscent of 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 reminiscent of drug trafficking, id theft, and cybercrime.

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

Circumstantial proof

Nevertheless, 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, personal keys, or ledger have 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 moderately than immediately operating the Bitcoin Fog operation, suggesting that Sterlingov’s function 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 replicate Sterlingov’s culpability.

It contended that the rules’ deal with 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

Franklin Templeton Files for New ‘EZPZ’ Bitcoin and Ethereum ETF

Next Post

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

Related Posts

BiT Global drops Coinbase lawsuit over wrapped Bitcoin delisting
Crypto Exchanges

BiT Global drops Coinbase lawsuit over wrapped Bitcoin delisting

June 9, 2025
The ‘Bitcoin Family’ has split and hidden seed phrase across 4 continents amid rising kidnappings
Crypto Exchanges

The ‘Bitcoin Family’ has split and hidden seed phrase across 4 continents amid rising kidnappings

June 8, 2025
Senator Lummis says new Fed vice chair appointment signals ‘brighter future’ for crypto
Crypto Exchanges

Senator Lummis says new Fed vice chair appointment signals ‘brighter future’ for crypto

June 6, 2025
Is Starbucks a Turnaround Candidate?
Crypto Exchanges

Is Starbucks a Turnaround Candidate?

June 7, 2025
Donald Trump’s advisor Bo Hines meets Nayib Bukele as US eyes El Salvador’s Bitcoin strategy
Crypto Exchanges

Donald Trump’s advisor Bo Hines meets Nayib Bukele as US eyes El Salvador’s Bitcoin strategy

June 5, 2025
Silver Set for a Major Breakout
Crypto Exchanges

Silver Set for a Major Breakout

June 5, 2025
Next Post
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

Is This the Last Time to Buy the Dip? | by The Blockchain Chronicles | The Dark Side | Aug, 2024

Is This the Last Time to Buy the Dip? | by The Blockchain Chronicles | The Dark Side | Aug, 2024

Binance Goes Live in India: Full Access for Indian Users

Binance Goes Live in India: Full Access for Indian Users

Leave a Reply Cancel reply

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

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

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

Copyright © 2023 Coins League.
Coins League 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