✉news BusinessCrypto first seen 3 h ago, last 58 min ago, peak #3
'Bitcoin Fog' Operator Loses Money Laundering Appeal
The operator of Bitcoin Fog, a bitcoin mixing service accused of helping criminals launder cryptocurrency, has lost an appeal against his money laundering conviction. The ruling upholds the case brought by US prosecutors, who argued the service processed illicit funds including proceeds from darknet markets. The decision is being watched in crypto circles as a precedent for the legal liability of mixing service operators.
Why now: The appeal ruling sets a precedent for how cryptocurrency mixing services and their operators can be prosecuted for money laundering.
Bitcoin FogRoman SterlingovUnited States Department of Justice
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