• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Larry Harmon Conviction for Bitcoin Laundering: Key Facts

user avatar

by Giorgi Kostiuk

a year ago


Larry Harmon, the mastermind behind a major Bitcoin laundering operation, has been sentenced to three years in prison. His actions contributed to the growth of illegal activities on the darknet.

A Darknet Empire Built on Bitcoin

In 2014, Larry Harmon launched Grams, a search engine for the darknet where illegal goods and services are traded. He later developed Helix, a Bitcoin mixing service that made transactions untraceable. This tool became popular with criminals, including drug dealers, who used it to move hundreds of millions of dollars.

Larry Harmon’s Legal Takedown

Harmon was arrested in 2020 and pleaded guilty in 2021. Judge Beryl Howell imposed a severe penalty, including imprisonment and forfeiture of $311 million. Harmon cooperated with authorities, aiding in the case against Roman Sterlingov, another mixer operator.

A Cautionary Tale for the Crypto Underworld

Harmon’s fall serves as a warning to those operating in the crypto underworld. Using cryptocurrency for illicit activities will inevitably have consequences, even if they offer anonymity.

Larry Harmon's story is a reminder that criminal activities in the crypto world will be exposed eventually. This will serve as a lesson for those who abuse cryptocurrency's capabilities.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Embracing RWA Tokenization to Expand Market Frontiers

chest

Coinbase Ventures is focusing on RWA tokenization and new DeFi models to set precedents for future blockchain applications.

user avatarLuis Flores

Mutuum Finance Plans V1 Launch on Sepolia Testnet

chest

Mutuum Finance announced that V1 will run on the Sepolia Testnet in Q4 2025, supporting ETH and USDT.

user avatarLeo van der Veen

Challenges and Opportunities in Crypto Investment Areas

chest

Challenges and opportunities in crypto investment areas are discussed, highlighting the benefits that outweigh the risks despite regulatory hurdles.

user avatarAisha Farooq

Emerging Crypto Investment Areas Enhance DeFi and AI Integration

chest

The identified investment areas by Coinbase Ventures are set to boost decentralized finance (DeFi) and artificial intelligence (AI) through innovative solutions.

user avatarLi Weicheng

Mutuum Finance Implements Independent Security Audit for Investor Safety

chest

Mutuum Finance is undergoing an independent security audit to ensure the integrity and safety of its lending and borrowing contracts.

user avatarTenzin Dorje

New Regulations Affecting Local Enterprises

chest

Over 200 local businesses will be affected by new policies starting next quarter. These changes require businesses to adapt to avoid penalties.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.