Key Points:
Recently, Twitter user Mike Hassard dug up the case of Roman Sterlingov, accused of operating Bitcoin Fog, a Bitcoin mixing service. While Roman has incorporated mixing into his personal privacy practices when transferring Bitcoin, he is wrongfully accused of operating the service.
The government has seized all his remaining assets, and he remains trapped in a Kafkaesque nightmare at the Northern Neck Regional Jail in Warsaw, Virginia.
Following the thread, Roman moved from Russia to Jönköping with his mother in 2003 and excelled in math and science at school. In 2010, he first heard about Bitcoin and was excited by the new technology. He learned how to set up wallets and funded them with his paycheck. Roman traveled to Bitcoin meetups across Europe, where he met like-minded individuals and helped them set up their own wallets. He purchased Bitcoin in bulk and sold it peer-to-peer to newcomers at the meetups, allowing them begin their own Bitcoin journeys.
At one of these meetups, someone suggested that Roman mix his Bitcoin before selling it to people he didn’t know. Roman learned that his wallet address became public when he made Bitcoin transactions. He worried that someone could target him and steal his funds. This led him to incorporate mixing into his personal privacy practices when transferring Bitcoin.
Roman created a Kraken account in 2014 and began using it as his daily Bitcoin account. By this time, Bitcoin had appreciated to approximately $475. Roman left his job and lived off the appreciation of his investment. He used Bitcoin Fog to send Bitcoin from his early wallets, through Bitcoin Fog, to a Kraken account held in his real name with KYC authentication.
In 2017, Roman realized that he had spent much of his Bitcoin and had not accumulated any new Bitcoin. He tried his hand at trading and multiple business ventures, including a VPN, a music studio, and a life coaching business, but all his efforts failed.
In April 2021, Roman flew to LAX to enroll in a commercial pilot licensing class in California. However, he was arrested by the FBI and accused of operating Bitcoin Fog for the past seven years. He was confused and shocked to hear that he was accused of creating and operating Bitcoin Fog. A Magistrate judge ordered Roman to be “detained indefinitely,” and he was transferred to Northern Neck Regional Jail, where he remains.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
Starting August 16, DOGS airdrop claims will be available through Telegram Wallet and exchanges like…
The Dubai Court of First Instance has officially recognized the validity of salary payments in…
The Chicago Board Options Exchange has removed the 19b-4 form filings for VanEck and 21Shares’…
Bitcoin Fog founder Roman Sterlingov challenges a proposed 20 to 30-year prison term, calling it…
Franklin Templeton is seeking to launch a new cryptocurrency-focused ETF, the Franklin Crypto Index ETF,…
Only recently has the list of firms applying for Turkish crypto business licenses been updated…
This website uses cookies.