Helix crypto mixer operator sentenced to 3 Years for Bitcoin laundering crimes
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 16 2024Larry Harmon Sentenced: Larry Dean Harmon, operator of Helix, was sentenced to three years in prison for laundering over $300 million in Bitcoin for darknet drug markets, despite facing a potential 20-year sentence.
Financial Penalties and Reforms: In addition to his prison term, Harmon must pay $311 million and surrender assets valued over $400 million; the judge considered his prior closure of Helix and cooperation in related cases when determining the lighter sentence.
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.
