• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

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

SB Crypto Guru News by SB Crypto Guru News
August 17, 2024
in Crypto Exchanges
0 0
0
Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases



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

Roman Sterlingov, the man behind the crypto mixer Bitcoin Fog, is contesting a potential 30-year prison sentence following his conviction on several money laundering charges.

In a 37-page sentencing memorandum submitted to the US District Court for the District of Columbia, Sterlingov’s defense team contends that the recommended sentences of 30 and 20 years by the prosecution and Probation Office, respectively, “vastly exceed” the penalties imposed in similar cases.

The defense argued that these recommendations are disproportionately high due to the “cumulative effect” of various enhancements that punish different aspects of the same conduct — specifically, running a large-scale money laundering operation.

Laundering conviction

Sterlingov was convicted earlier this year on multiple counts related to operating Bitcoin Fog, a service that allegedly facilitated the laundering of over $47 million in criminal proceeds.

The government has portrayed him as a central figure in a sophisticated scheme that allowed users to anonymize Bitcoin transactions, effectively making it difficult for law enforcement to trace illegal activities such as drug trafficking and other criminal enterprises.

Prosecutors alleged that Bitcoin Fog, which Sterlingov operated from 2011 to 2021, was used to launder roughly $400 million in Bitcoin connected to illegal activities such as drug trafficking, identity theft, and cybercrime.

Judge Randolph Moss, who is overseeing the case, originally scheduled Sterlingov’s sentencing for Aug. 21. However, the court will now first hear arguments regarding the government’s efforts to seize assets tied to Bitcoin Fog, including 1,354 Bitcoin that have remained dormant since 2012 and a potential $395 million financial judgment.

Circumstantial evidence

However, Sterlingov’s attorneys argued that the case against him relied heavily on circumstantial evidence, noting that key elements such as the Bitcoin Fog server, server logs, private keys, or ledger were never entered into evidence during the trial.

The defense emphasized that he has no prior criminal history and has led an otherwise exemplary life. It also asserted that the jury’s verdict aligns more with aiding and abetting rather than directly running the Bitcoin Fog operation, suggesting that Sterlingov’s role was less central than prosecutors have portrayed.

The defense further argued that the sentencing guidelines, which are heavily influenced by the dollar amounts involved in the offense, do not accurately reflect Sterlingov’s culpability.

It contended that the guidelines’ focus on the value of the laundered funds is misplaced in this case, as it fails to account for the fact that Sterlingov did not personally profit from the transactions and that many of the funds passed through Bitcoin Fog without his direct involvement.

Latest Alpha Market Report



Source link

Tags: 30yearArguesBitcoinBitcoin NewsCasesCrypto NewsCrypto UpdatesExceedsFogFounderLatest News on CryptoSB Crypto Guru NewssentenceSimilarVastly
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

Next Post
Coinbase Hints at Potential cbBTC Launch Following BitGo Wrapped Bitcoin Controversy

Coinbase Hints at Potential cbBTC Launch Following BitGo Wrapped Bitcoin Controversy

  • Trending
  • Comments
  • Latest
Meta Quest Pro Discontinued! Enterprise-Grade MR Headset is No Longer Available

Meta Quest Pro Discontinued! Enterprise-Grade MR Headset is No Longer Available

January 6, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
Big XR News from Google, Samsung, Qualcomm, Sony, XREAL, Magic Leap, Lynx, Meta, Microsoft, TeamViewer, Haply

Big XR News from Google, Samsung, Qualcomm, Sony, XREAL, Magic Leap, Lynx, Meta, Microsoft, TeamViewer, Haply

December 13, 2024
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
Exploring Moonbeam – Why Build on Moonbeam? – Moralis Web3

Exploring Moonbeam – Why Build on Moonbeam? – Moralis Web3

September 11, 2024
How to Get NFT Balances with One RPC Call – Moralis Web3

How to Get NFT Balances with One RPC Call – Moralis Web3

August 30, 2024
XRP Set For Price Relief, But Only If Bulls Defend Key .13 Price Level

XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

0
Trump Tariffs Reinstated On Appeal, BTC ETF Outflows Surge

Trump Tariffs Reinstated On Appeal, BTC ETF Outflows Surge

0
June’s must-see exhibitions: copycats, queer resistance, and the intersection of art and fashion

June’s must-see exhibitions: copycats, queer resistance, and the intersection of art and fashion

0
SEC Dropped the Lawsuit Against Binance After 2 Years

SEC Dropped the Lawsuit Against Binance After 2 Years

0
SEC Drops Case Against Binance, Crypto Scores a Win

SEC Drops Case Against Binance, Crypto Scores a Win

0

Over $800M Liquidated as Bitcoin Price Falls Hard

0
XRP Set For Price Relief, But Only If Bulls Defend Key .13 Price Level

XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

May 31, 2025
Crypto Analyst Calls Massive Bitcoin Crash To ,000

Crypto Analyst Calls Massive Bitcoin Crash To $50,000

May 31, 2025
SEC Commissioner Breaks Down Staking—Who’s Safe, What’s Covered

SEC Commissioner Breaks Down Staking—Who’s Safe, What’s Covered

May 31, 2025
IMF Scrutinizes Pakistan’s Reported Bitcoin Mining Power Allocation Amid Energy Crisis

IMF Scrutinizes Pakistan’s Reported Bitcoin Mining Power Allocation Amid Energy Crisis

May 31, 2025
XRP Price Risks Crash Below  As Correction Takes Hold, Here’s Why

XRP Price Risks Crash Below $2 As Correction Takes Hold, Here’s Why

May 31, 2025
This 0 MacBook Air Handles Your Hustle Without Complaints

This $200 MacBook Air Handles Your Hustle Without Complaints

May 31, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

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

SITE MAP

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

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

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
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.