{"id":30339,"date":"2020-10-20T09:34:15","date_gmt":"2020-10-20T06:34:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30339"},"modified":"2025-08-27T21:48:38","modified_gmt":"2025-08-27T18:48:38","slug":"fincen-imposes-first-ever-fine-on-bitcoin-mixer","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fincen-imposes-first-ever-fine-on-bitcoin-mixer\/","title":{"rendered":"FinCEN Imposes First-Ever Fine on Bitcoin Mixer"},"content":{"rendered":"<p>Larry Din Harmon, founder of the cryptocurrency-mixing service Helix and CEO of Coin Ninja, was fined $60 million at the request of the Financial Crimes Enforcement Network (FinCEN).<\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View ASSESSMENT OF CIVIL MONEY PENALTY on Scribd\" href=\"https:\/\/www.scribd.com\/document\/480811449\/ASSESSMENT-OF-CIVIL-MONEY-PENALTY#from_embed\">ASSESSMENT OF CIVIL MONEY PENALTY<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" id=\"doc_88150\" class=\"scribd_iframe_embed\" title=\"ASSESSMENT OF CIVIL MONEY PENALTY\" src=\"https:\/\/ru.scribd.com\/embeds\/480811449\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-ZWjmFelKSpUCcs7GWuWF\" width=\"600\" height=\"800\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"0.7729220222793488\"><\/iframe><\/p>\n<p>According to investigators, Harmon laundered more than $300 million through darknet markets Abraxas, Agora, Hansa, Hydra and Wall Street Market.<\/p>\n<p>Prosecutors from FinCEN also allege that the suspect was a partner of the now-defunct AlphaBay marketplace, through which he allegedly laundered $27 million in bitcoins. Harmon\u2019s family denies any link between Larry and AlphaBay.<\/p>\n<p>The case against Larry Din Harmon creates a precedent in U.S. law, as the DOJ has for the first time labelled cryptocurrency mixing a crime. Such a classification could spell trouble for any similar service.<\/p>\n<p>Earlier, Harmon was arrested in February on suspicion of money laundering and running an unlicensed money-transfer service. He faces up to 30 years in prison.<\/p>\n<p>During the proceedings, the court ruled that Bitcoin is money.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larry Din Harmon, founder of the cryptocurrency-mixing service Helix and CEO of Coin Ninja, was fined $60 million at the request of FinCEN.<\/p>\n","protected":false},"author":1,"featured_media":30340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[269,1304,1256,26],"class_list":["post-30339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fincen","tag-fines","tag-privacy-and-personal-data","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30339"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30339\/revisions"}],"predecessor-version":[{"id":30341,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30339\/revisions\/30341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30340"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}