• 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

Status Network Launches World's First Gasless L2 Blockchain

chest

Status Network launches the world's first natively gasless L2 blockchain, enhancing privacy and user experience.

user avatarDavid Robinson

Status Unveils USS Status and New Privacy Superapp

chest

On January 29th, 2026, Status launched USS Status, a satirical sci-fi cartoon, and a revamped unified privacy superapp, reinforcing its commitment to privacy and digital freedom.

user avatarMaria Gutierrez

SpoonOS Web3 Skill Marketplace Revolutionizes AI Development

chest

SpoonOS has launched a Web3 Skill Marketplace for modular AI agent development on the Neo blockchain.

user avatarJacob Williams

SpoonOS Marketplace Boosts Neo Smart Economy

chest

The launch of the SpoonOS Web3 Skill Marketplace is strategically timed to enhance the Neo smart economy by increasing demand for its native tokens, NEO and GAS.

user avatarAyman Ben Youssef

SpoonOS Skill Marketplace Introduces Modular AI Development

chest

The SpoonOS Web3 Skill Marketplace allows developers to create and share modular AI skills.

user avatarAndrew Smith

Veera Unveils New Features to Simplify DeFi Experience

chest

Veera has launched two significant features, oneclick crosschain swaps and a unified multiasset yield hub, designed to simplify the decentralized finance (DeFi) experience for users.

user avatarSon Min-ho

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.