• 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

Mastercard Partners with Thunes for Instant Stablecoin Payouts

chest

Mastercard has partnered with Thunes to provide 24/7 instant payouts to stablecoin wallets, enhancing cross-border payment options and promoting financial inclusion.

user avatarLeo van der Veen

US Senate Reaches Deal to End Shutdown, Boosting Crypto Market Confidence

chest

The US Senate has reached a bipartisan deal to end a 40-day government shutdown, which is expected to restore stability in financial markets and boost confidence in the crypto sector.

user avatarKaterina Papadopoulou

Ubisoft Delays Earnings Release and Suspends Share Trading

chest

Ubisoft has postponed its H1 FY202526 earnings release and suspended trading of its shares on Euronext Paris, raising concerns about market volatility and affecting shareholders' access to their assets.

user avatarMaya Lundqvist

WhiteBIT Attracts Institutional Investors and Expands User Engagement

chest

In 2025, WhiteBIT has emerged as a leading European crypto exchange, known for its effective combination of regulatory compliance and network activity growth. The exchange continues to attract institutional investors and expand its user base globally.

user avatarTenzin Dorje

MicroStrategy's NAV Falls Below 1, Signaling Investor Concerns

chest

MicroStrategy's Net Asset Value (NAV) has fallen below 1 for the first time, raising concerns about its market valuation.

user avatarAisha Farooq

WhiteBIT Achieves EU MiCA Compliance and Expands Market Reach

chest

WhiteBIT achieves compliance with EU MiCA regulations, enhancing its market position and user trust.

user avatarLi Weicheng

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.