• 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

MAGAX Gains Momentum as Crypto Prices Recover

chest

MAGAX is experiencing a surge in presale interest as the global cryptocurrency market begins to recover, with Bitcoin rebounding and market sentiment stabilizing.

user avatarMaya Lundqvist

Prominent Crypto Trader Makes Bold Move into Ethereum

chest

A prominent crypto trader known as 1011short has converted 10 million USDC into Hyperliquid and opened a long position in Ethereum, utilizing fivefold leverage on 15,000 ETH.

user avatarLi Weicheng

BitMine Immersion Technologies Expands ETH Holdings

chest

BitMine Immersion Technologies has significantly increased its Ethereum holdings by 69,822 coins, totaling 363 million ETH, reflecting cautious optimism in the market despite unrealized losses.

user avatarLeo van der Veen

Sector Contributions to Nigeria's VAT Revenue in Q2 2025

chest

The NBS report highlights the top sectors contributing to VAT revenue in Q2 2025.

user avatarMohamed Farouk

Nigeria's VAT Revenue Sees Significant Year-on-Year Increase

chest

Nigeria's aggregate Value Added Tax (VAT) rose significantly from N156 trillion in Q2 2024 to N206 trillion in Q2 2025, attributed to the removal of the fuel subsidy and unification of exchange rates.

user avatarTenzin Dorje

Fortuva Launches Major Update to Prediction Market Platform

chest

Fortuva has introduced significant enhancements to its prediction market platform, focusing on automation and user engagement.

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.