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

The United States Department of Justice precocious filed a suit to retrieve $60 cardinal that was imposed connected Larry Harmon, the relation of a bitcoin mixing work targeted by U.S. instrumentality enforcement successful 2020. According to U.S. authorities, Harmon had operated an unlicensed money-transmitting business.

Violation of the Bank Secrecy Act

The United States Department of Justice (DOJ) is reportedly suing Larry Harmon, the laminitis of the crypto mixer Helix, to retrieve the $60 cardinal good imposed connected him by regulators. According to a Reuters report, the fine, which was imposed successful 2020, stems from Harmon’s alleged usurpation of the United States national Bank Secrecy Act.

According to the Financial Crimes Enforcement Network (FinCEN), Harmon operated an unlicensed money-transmitting business. The business, according to U.S. regulators, enabled users to nonstop virtual currencies anonymously. In 2021, Harmon reportedly pleaded blameworthy to a wealth laundering conspiracy complaint and said helium would cooperate with national authorities.

However, according to the Helix founder’s motion to dismiss filed with the U.S. District Court successful 2021, Harmon claimed helium had “never acceptable retired to interruption the law.” He insisted if helium had known successful 2014 — erstwhile helium started Helix’s operations — that “operating a bitcoin tumbler was illegal, helium ne'er would person done it.”

Furthermore, the Helix mixer employed a “double-blind system,” which means Harmon had nary thought however overmuch BTC was sent done the mixing platform. As per the report, neither Harmon’s lawyer nor the typical of FinCEN had responded to media inquiries concerning the DOJ’s determination to sue.

Concerning the transgression lawsuit against Harmon, the study said the Helix laminitis had agreed to wage $311,000 arsenic restitution. The study added that Harmon’s sentencing had been deferred pending his practice with the U.S. government.

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