• 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

BlockDAG Presale Approaches Final Days with 0.001 Price

chest

The BlockDAG presale is nearing its end, with a special price of 0.001 still available before the market price takes over.

user avatarArif Mukhtar

Mantle Records Steady Growth, Indicating Market Stability

chest

Mantle has recorded a steady price increase of about 0.9% over the past week, indicating growing buyer confidence.

user avatarMaria Gutierrez

SUI Price Reflects Market Patience

chest

SUI's price behavior indicates a focus on structure and consolidation rather than rapid gains.

user avatarDavid Robinson

Pixels Founder Unveils Stacked App Interface

chest

Pixels founder Luke Barwikowski unveiled the Stacked app interface, aimed at enhancing user engagement in play-to-earn gaming.

user avatarAndrew Smith

Anichess Partners with Team Secret for Enhanced Competitive Experience

chest

Anichess has partnered with esports organization Team Secret, adopting the CHECK token for its activities, including high-profile Anichess tournaments.

user avatarSon Min-ho

Off the Grid Surpasses 20 Million NFTs Traded on OpenSea

chest

Gunzilla Games' battle royale game Off the Grid has surpassed 20 million NFTs traded on OpenSea, reflecting a thriving in-game economy and increased player activity.

user avatarZainab Kamara

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.