Bitcoin mixer operator sentenced to 3 years for laundering over $300m
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 15 2024Larry Harmon's Sentencing: Larry Harmon has been sentenced to three years in prison for laundering over $300 million in Bitcoin through his darknet service, Helix, which obscured cryptocurrency transactions for criminals from 2014 to 2017. He also faces a forfeiture of $311 million and had previously been fined $60 million for anti-money laundering violations.
Impact on Criminal Networks: Harmon's cooperation with authorities led to other prosecutions and is expected to deter similar illicit operations; however, the case also revealed that his brother Gary used stolen credentials to access seized Bitcoin, resulting in a four-year prison sentence for him.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
