Cryptocurrency mixer operator laundered a record 350,000 bitcoins

Larry Harmon, the operator of the Helix cryptocurrency mixer, was sentenced to three years in prison in the United States for laundering more than 354,600 bitcoins, Incrypted reports. The court also ruled to confiscate his assets worth $ 311 million and cryptocurrency worth more than $ 400 million. Harmon pleaded guilty to money laundering conspiracy and cooperated with the investigation. This allowed him to avoid a maximum sentence of 20 years.

The Helix service, which Harmon ran from 2014 to 2017, processed cryptocurrency transactions worth more than $ 300 million. Harmon provided investigators with important information in the case of Roman Sterlingov, the founder of the Bitcoin Fog mixer, who was previously sentenced to 12.5 years in prison for money laundering and illegal activities.

After Harmon’s arrest, his brother used access to his relative’s cryptocurrency wallet and withdrew 712 bitcoins BTC $90,312.10 Bitcoin 0.84% Market capitalization $1.79 trillion VOL. 24 hours $4.2 billion , which at the time were worth about $ 5 million. Gary Harmon was sentenced to four years in prison for this crime.

Earlier, we reported that an anonymous hacker hacked into the server of WazirX, India’s largest cryptocurrency exchange, and stole $ 230 million worth of cryptocurrency. Today, the attacker has almost completed the process of laundering these funds using the Tornado Cash cryptomixer, a service that helps to hide wallet addresses on blockchains. Now, according to analysts, only $ 6 million in Ether tokens remain, the rest has already been laundered.