Helix mixer operator gets 3 years in prison for money laundering
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 15 2024Larry Harmon's Sentencing: Larry Harmon, arrested in 2020 for laundering money through the Helix cryptocurrency mixer, was sentenced to three years in prison due to his cooperation with authorities in a related case, despite facing a potential 20-year sentence.
Criminal Activities and Consequences: Harmon laundered over 350,000 Bitcoin (valued at more than $300 million) and was ordered to forfeit assets exceeding $400 million; his brother Gary later misused Harmon’s passwords to transfer stolen cryptocurrency, leading to his own arrest.
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.
