Millennium gives $ 210,000,000 worth of bitcoin to feds after helping clear 350,000 BTC

A Millennial from Ohio is transferring more than $ 200 million worth of bitcoins to Federal law enforcement after launching a website to launder cryptocurrency money on darknet.

Thirty-eight-year-old Larry Dean Harmon admitted running the Helix site from 2014 to 2017.

Harmon was offering Helix services to people on the dark web who wanted to hide transactions from law enforcement. Harmon admitted that he helped clear 350,000 bitcoins worth more than $ 300 million during the transaction.

Harmon also said the bitcoin he washed was linked to drug trafficking.

Harmon lost more than $ 200 million in total to 4,400 bitcoins as part of his recognition of his guilt. He faces up to 20 years in prison, according to a US Department of Justice report.

Stephen M., Deputy Director Of The Washington Branch Of The FBI D’antuono details Harmon’s testimony.

Harmon admitted to conspiring with the dark network’s suppliers to launder bitcoins from drug trafficking and other illegal activities. Today’s criminal complaint demonstrates the FBI’s commitment to infiltrating and shutting down cryptocurrency money laundering networks that support cybercrime companies.”

Today 350,000 washed bitcoins would cost about $ 17 billion.

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Disclaimer: HODL’s views are not investment advice. Investors should exercise due diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and you are responsible for any damages you may suffer. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and is not an investment adviser to Daily Hodl.

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