• 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

Bitcoin Price Drops Below $100,000 for the Third Time This Month

chest

Bitcoin's price has fallen below the $100,000 mark for the third time this month, recently trading at $99,611 after a more than 2% decline over the past 24 hours.

user avatarJacob Williams

Bitcoin Price Projections Suggest Potential Surge

chest

Bitcoin price projections suggest it could reach between $160,000 and $170,000 based on historical patterns and current market conditions.

user avatarZainab Kamara

US-listed Bitcoin ETFs See $520 Million Inflow

chest

US-listed Bitcoin ETFs recorded a significant inflow of $520 million on Tuesday, reversing a previous trend of withdrawals.

user avatarSon Min-ho

DAT Stocks Face Major Decline as Market Reacts to Bitcoin Performance

chest

Digital Asset Treasury (DAT) stocks are facing a significant decline, with some down over 50% from their peaks, raising questions about the market's reaction to Bitcoin's performance.

user avatarAyman Ben Youssef

BEST Wallet Token Aims to Simplify Gold-Backed Stablecoin Transactions

chest

The BEST Wallet Token aims to revolutionize interactions with gold-backed stablecoins by providing a non-custodial, multichain wallet that simplifies asset management and reduces transaction fees.

user avatarTando Nkube

Aero Merger Anticipated to Surge Token Valuations

chest

The merger of Aerodrome and Velodrome into Aero is expected to significantly boost trading volumes and enhance liquidity dynamics.

user avatarJesper Sørensen

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.