August 3, 2022:

Bitcoin Fog Case Could Put Cryptocurrency Tracing on Trial. Defendant accused of laundering $336 million, is proclaiming his innocence—and challenging a key investigative tool. DOJ Link

DOJ alleges that Defendant "operated Bitcoin Fog since 2011. Bitcoin Fog was the longest-running cryptocurrency “mixer,” gaining notoriety as a go-to money laundering service for criminals seeking to hide their illicit proceeds from law enforcement." DOJ alleges "Over the course of its decade-long operation, Bitcoin Fog moved over 1.2 million bitcoin – valued at approximately $335 million at the time of the transactions." DOJ further alleges the "bulk of this cryptocurrency came from darknet marketplaces and was tied to illegal narcotics, computer fraud and abuse activities, and identity theft."