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A Crypto Mixer’s Endgame: Helix Operator Sentenced With $400M Asset Forfeiture

A Crypto Mixer’s Endgame: Helix Operator Sentenced With 0M Asset ForfeitureThe DOJ has sentenced the operator of Helix, a cryptocurrency mixer, to prison and ordered the forfeiture of over $400 million in assets tied to money laundering. DOJ Ends Helix’s Reign: Operator Sentenced The U.S. Department of Justice (DOJ) announced Friday that Larry Dean Harmon, 41, of Akron, Ohio, was sentenced to three years in […]

Five Compliance Challenges That Your Algo Execution Model May Be Creating

Report: US Department of Justice Files $60 Million Lawsuit Against Bitcoin Mixer Operator

Report: US Department of Justice Files  Million Lawsuit Against Bitcoin Mixer OperatorThe United States Department of Justice recently filed a lawsuit to recover $60 million that was imposed on Larry Harmon, the operator of a bitcoin mixing service targeted by U.S. law enforcement in 2020. According to U.S. authorities, Harmon had operated an unlicensed money-transmitting business. Violation of the Bank Secrecy Act The United States Department […]

Five Compliance Challenges That Your Algo Execution Model May Be Creating

Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering Charges

Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering ChargesLarry Dean Harmon, founder and operator of the bitcoin mixing service Helix has pleaded guilty on Wednesday to money laundering charges. Harmon’s guilty plea follows the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) fining Harmon $60 million last year. Helix Operator Pleads Guilty to Money Laundering, Conspiracy Charges According to several reports and a court-issued […]

Five Compliance Challenges That Your Algo Execution Model May Be Creating