Close Menu
Cryprovideos
    What's Hot

    JAN3 and BTCPay Server Launch SamRock Protocol To Simplify Bitcoin Service provider Funds

    August 30, 2025

    21Shares Recordsdata For Spot SEI ETF, Becoming a member of 92 Crypto ETF Pipeline

    August 30, 2025

    Trump Eliminates De Minimis Delivery Exemption: What This Means for Crypto

    August 30, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Helix Mixer Founder Sentenced to three Years for $300 Million Laundering
    Helix Mixer Founder Sentenced to three Years for 0 Million Laundering
    Markets

    Helix Mixer Founder Sentenced to three Years for $300 Million Laundering

    By Crypto EditorNovember 16, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Helix Mixer Founder Sentenced to three Years for $300 Million Laundering

    An Ohio resident, Larry Harmon, acquired a three-year jail sentence for working Helix, a darknet mixer.

    Over the course of his operation, Harmon oversaw $300 million in laundered property, with a lot of the funds coming from or going to darknet drug markets.

    Helix Mixer Operator Larry Harmon Sentenced to three Years

    Harmon pleaded responsible in 2021 to working a cryptocurrency mixing platform tied to unlawful actions. On November 15, US District Choose Beryl Howell granted him a lenient sentence, acknowledging his cooperation within the Bitcoin Fog investigation. This case additionally entangled each Harmon and a separate particular person concerned within the Bitfinex heist.

    Each offered testimony relating to Bitcoin Fog, which the Bitfinex hacker used for years to launder stolen property. Sentencing for all three people occurred inside a span of 48 hours.

    “The dimensions and the affect of the defendant’s cash laundering operation was staggering,” stated Alden Pelker, a prosecutor on the Bitcoin Fog case. “He introduced search engine marketing to native cocaine distributors,” she stated.

    Harmon initially constructed the Helix mixer to enhance upon Bitcoin Fog’s options. He finally ceased Helix operations two years earlier than his arrest and testified in court docket, lowering his sentence from a most of twenty years to simply three. Authorities have ordered Harmon to forfeit $311 million in property, representing the worth of not less than 354,468 Bitcoin through the operation.

    His brother, Gary Harmon, was additionally discovered to be complicit within the crimes. The Inner Income Service (IRS) seized 4,877 BTC from Larry Harmon as a part of an investigation. These digital tokens had been saved in wallets accessed by a tool held in an IRS proof locker.

    Prosecutors accused Gary Harmon of utilizing Larry’s credentials to recreate eight of the Bitcoin wallets, permitting him to switch Bitcoin from the wallets and thereby bypassing the IRS’s custody. After the Bitcoin vanished from the IRS-secured machine, investigators discovered proof implicating Gary.

    A picture discovered on his telephone confirmed him at a nightclub in a bath crammed with money. Gary reportedly used 68 Bitcoin as collateral for a $1.2 million mortgage. He additionally spent a few of the stolen funds to buy a luxurious condominium in Cleveland. Gary Harmon admitted guilt and was sentenced to 4 years in jail by Choose Howell.

    Disclaimer

    In adherence to the Belief Mission tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed data. Nevertheless, readers are suggested to confirm details independently and seek the advice of with knowledgeable earlier than making any selections based mostly on this content material. Please word that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Whales Goal Finest Meme Cash as Altcoins Decide Up Tempo – High 4 Gems – CryptoDnes EN

    August 30, 2025

    VeChain (VET) Worth Drops 6% as Technical Indicators Sign Impartial Territory

    August 30, 2025

    CFTC Opens Approach Again For Exchanges Pushed Out Of US

    August 30, 2025

    Shiba Inu Rebounds Above $0.00001 as Whale Buys Calm Market Nerves – BlockNews

    August 30, 2025
    Latest Posts

    JAN3 and BTCPay Server Launch SamRock Protocol To Simplify Bitcoin Service provider Funds

    August 30, 2025

    Why is Bitcoin and Crypto Dumping At present? – BlockNews

    August 30, 2025

    Bitcoin’s Subsequent Cease $183K? On-Chain Information Factors to Explosive Cycle Peak

    August 30, 2025

    Bitcoin Whale Sitting on $5 Billion Dumps Extra BTC to Purchase Ethereum – Decrypt

    August 30, 2025

    XRP Worth Information: Slides 4% Amid Bitcoin Promote-Off, however Cup-and-Deal with Setup to $5 Intact

    August 30, 2025

    All the pieces We Know So Far Concerning the Bitcoin Thriller “Killing Satoshi”

    August 30, 2025

    'Purple September' Is Coming—Right here's What to Anticipate From the Bitcoin Market – Decrypt

    August 29, 2025

    Bitcoin heads towards $100K as US commerce deficit, China financial institution woes increase alarm

    August 29, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    $80,000 Damaged: Bitcoin’s Worth Drop Triggers Sharp Crypto Market Correction – BlockNews

    April 7, 2025

    Kyrgyzstan Groups Up with Binance to Increase Crypto Funds and Schooling

    May 5, 2025

    XRP Q3 Overview: Key Metrics Counsel A Brilliant Future For The Third Greatest Crypto

    December 3, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.