Larry Harmon Faces Prison and $400M Forfeiture After Running Crypto Money Laundering Operation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 16 2024Larry Harmon Sentenced: Larry Harmon, creator of the Helix darknet mixer, was sentenced to three years in prison for laundering nearly $300 million in Bitcoin and must forfeit over $400 million in assets.
Investigation and Cooperation: The investigation led by the IRS and FBI revealed Harmon processed over 354,000 bitcoins from 2014 to 2017, with his cooperation in another case contributing to a reduced sentence and a $60 million fine.
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.
