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Larry Dean Harmon, the operator of the Helix cryptocurrency mixing service, has been sentenced to three years in prison for money laundering. Harmon’s service, which operated from 2014 to 2017, laundered over $311 million in cryptocurrency. This case highlights the challenges law enforcement faces in tracking and prosecuting cryptocurrency-related crimes. The sentencing includes a significant asset forfeiture of over $400 million, representing assets tied to Harmon’s illicit activities. This case serves as a significant development in the ongoing efforts to combat cryptocurrency money laundering and underscores the increasing scrutiny of cryptocurrency mixing services.

References:

• Techmeme - An Ohio man is sentenced to three years for running crypto mixer Helix, which laundered $311M+ from 2014 to 2017; he must forfeit $311M+ and assets worth $400M+ (Jonathan Greig/The Record) - 4d
• The Register - The Register article on the Helix Bitcoin mixer operator's sentencing. - 4d
• Bitcoin News - A Crypto Mixer’s Endgame: Helix Operator Sentenced With $400M Asset Forfeiture - 4d
• Over Security - The Record article on the sentencing of Jonathan Greig. - 4d
• www.techmeme.com - Techmeme article summarizing the Helix case. - 4d

Classification:

• HashTags: Helix cryptocurrency moneylaundering
• Company: Helix
• Target: Various individuals and organizations
• Attacker: Larry Dean Harmon
• Feature: Cryptocurrency Mixing
• Type: Crypto
• Severity: Major