The alleged administrator of Bitcoin Fog was finally identified by the IRS, after following the trail left over a decade of transactions on the blockchain.
According to the IRS, Sterlingov helped users blend their digital currency transactions with numerous others, making it difficult to trace any individual transaction through blockchain records.
Some $78 million of the laundered funds are alleged to have come from dark web drugs marketplaces, such as Silk Road, Agora, and AlphaBay.
Tracing his original 2011 transactions back to BTC purchased in euros via the now defunct Mt.