Bitcoin mixer Helix founder pleads guilty to money laundering conspiracy, suspected of laundering more than 350,000 bitcoins

According to The Block, the U.S. Department of Justice (DOJ) said that Larry Dean Harmon, the founder and main operator of the Bitcoin mixer Helix, has pleaded guilty to money laundering conspiracy. He conspired with others to launder more than 350,000 Bitcoins generated through drug trafficking and other illegal activities, totaling more than 350,000 Bitcoins, which were worth more than $300 million at the time of the transaction.

Lianwen previously reported that in October 2020, the U.S. Financial Crimes Enforcement Network (FinCEN) imposed a fine of $60 million on Larry Dean Harmon; in February of this year, the U.S. Department of Justice (DOJ) filed a lawsuit against him again. He is currently awaiting sentencing and faces up to 20 years in prison and a fine of $500,000 or twice the value of the property involved in the transaction.