Man Who Facilitated Bitcoin Laundering Worth Over $300M Sentenced To 3 Years In Prison
Posted On November 18, 2024
An Ohio-based operator of the darknet cryptocurrency mixer has been sentenced to a three-year prison term after being found guilty of laundering over $300 million in Bitcoin (CRYPTO: BTC).
What Happened: According to the U.S. Department of Justice, 41-year-old Larry Dean Harmon was the brains behind Helix, a darknet mixer that played a crucial role in laundering customers’ Bitcoin from 2014 to 2017. The platform became a preferred choice for online drug dealers looking to hide the trail of their illegal earnings.
The service processed about 354,468 Bitcoin, equivalent to around $311.14 million at the time of the transactions and more than $32.52 billion at current …
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