Meanings
- 1
- 2
-
3
noun
A service that mixes potentially identifiable or 'tainted' cryptocurrency funds with others, so as to obscure the audit trail; used for money laundering.
The Department of Justice said it has arrested a Russian-Swedish national who allegedly operated a long-running cryptocurrency laundering site. According to a news release from the DOJ, Roman Sterlingov ran Bitcoin Fog, a cryptocurrency tumbler or “mixer”— which hides a cryptocurrency’s source by mixing it with other funds.
- 4