U.S. Arrests Alleged apos;Bitcoin Fog apos; Money Launderer

By Lawrence Delevingne

BOSTON, April 28 (Reuters) - U.S.
officials on Tuesday arrested Roman Sterlingov, the alleged principal operator of cryptocurrency money laundering website Bitcoin Fog, according to a federal court filing.

Sterlingov, a citizen of Russia and Sweden, was detained in Los Angeles on money-laundering related charges.

Bitcoin Fog, launched in 2011, is one of the original Bitcoin "tumbler" or "mixer" services designed to help users anonymize cryptocurrencies payments, especially on so-called darknet magazine online markets that trafficked in drugs and other illegal products, darknet market markets onion address according to a legal statement accompanying the criminal complaint by Internal Revenue Service special agent Devon Beckett.

"Analysis of bitcoin transactions, financial records, Internet service provider records, email records and additional investigative information, identifies Roman Sterlingov as the principal operator of Bitcoin Fog," Beckett wrote.

More than 1.2 million Bitcoin (BTC) -- worth approximately $336 million at the time of the transactions -- were sent through Bitcoin Fog, dark markets 2024 according to the Beckett statement.

A spokesperson for the U.S.

Attorney's Office for the District of Columbia, which is handling the case, dark websites markets did not immediately respond to a request for tor drug market comment.

Requests sent to email addresses tied to Sterlingov were not immediately returned. (Reporting by Lawrence Delevingne; Editing by Aurora Ellis)