Bitcoin Mixer Sentenced to 3 Years for Laundering Bitcoins
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 16 2024Larry Harmon Sentenced: Larry Harmon, who laundered over $300 million in Bitcoin for criminals through his darknet service Helix, was sentenced to three years in prison, receiving a lighter sentence due to his cooperation with authorities and shutting down his operation before his arrest.
Additional Legal Consequences: In addition to his prison term, Harmon was ordered to forfeit $311 million in Bitcoin, while his brother Gary was sentenced to four years for stealing $5 million from an IRS evidence locker, highlighting the government's crackdown on crypto-related crimes.
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.
