Crypto Mixer Helix Founder Sentenced For Laundering $300 Million In Bitcoin

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Related Reading: Solana Rising: Key Metrics Hint At Serious Ethereum Competitor Harmon gets a three-year sentence, in addition to forfeiture of assets up to $400 million, for his role in laundering over $300 million worth of Bitcoin tokens for darknet’s drug markets.

A ‘Lighter Sentence’ Over Money Laundering Case According to court documents, Harmon operated Helix from 2014 to 2017 and, during this time, laundered up to $300 million worth of Bitcoins on behalf of drug dealers.

An Ohio man was sentenced to 3 years in prison and ordered to forfeit over $400M in assets for his operating of Helix, a darknet cryptocurrency “mixer.” @DOJCrimDiv #FollowTheMoney #IRSCI — IRS Criminal Investigation (@IRS_CI) November 15, 2024 Helix: Harmon’s Role In Laundering Drug Money Helix was a popular crypto-mixing service on the darknet and a favorite destination of drug dealers who wanted to launder their money.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaOmanPhilippines

Topics: Crypto Mixer Money Laundering Bitcoin Cryptocurrency Market News Helix

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 07:00:20 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23625738

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Main Topics: Crypto

Official Website: newsbtc.com

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Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

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