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Category: CRYPTO NEWS
The post Larry Harmon Sentenced for Crypto Mixer Money Laundering Case appeared on BitcoinEthereumNews.com. Larry Harmon, Helix founder, was sentenced to three years for laundering over $311M via darknet crypto transactions. FBI arrests hacker for SEC’s X account breach, linked to fake Bitcoin ETF post and brief market surge. Founder of the Helix crypto mixer, Larry Dean Harmon, had three years in prison condemned for his participation in a major money laundering conspiracy. Arrested in 2020, Harmon acknowledged using his platform—which was mostly used by darknet markets—that he had laundered over $311 million worth of crypto. Though many might find the court’s ruling to be forgiving, it reflects his cooperation with police in earlier investigations. Harmon was told to turn up assets valued more than $400 million, including real estate, bank assets, and crypto holdings, in addition to his prison term. HELIX FOUNDER GETS LENIENT SENTENCE Larry Harmon, the OG behind crypto mixer Helix, just got a 3-year prison sentence his conviction for money-laundering. He forfeited $311M cash + $400M+ in crypto, real estate, and assets. The light sentence? Cooperation in the Bitcoin Fog… pic.twitter.com/WEhNvZ1J8y — Mario Nawfal’s Roundtable (@RoundtableSpace) November 16, 2024 Helix Operations and Larry Harmon Cooperation Operating Helix between 2014 and 2017, Harmon helped users to hide the source of their money by facilitating about 354,468 crypto transactions. Since the site mostly served those involved in illegal activity, darknet users found it to be quite important. Years before his ultimate arrest, Harmon freely closed Helix and its companion service, Grams, despite their contentious position. His cooperation upon detention was crucial in developing cases against other crypto-based criminal activity. Harmon’s lowered sentence was mostly due to his major support in the prosecution against Roman Sterlingov, the operator of another crypto mixer, Bitcoin Fog. Mostly on evidence and testimony from Harmon, Sterlingov was found guilty and sentenced to more than 12 years in…
2024-11-16T19:30:05+00:00
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