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US DOJ finalizes $400 million forfeiture tied to Helix darknet crypto mixer

The Block
The US DOJ finalized the forfeiture of over $400 million in assets linked to the darknet crypto mixer Helix.

Summary

The U.S. Department of Justice has finalized the forfeiture of over $400 million in assets, including seized cryptocurrencies, real estate, and financial accounts, connected to the darknet crypto mixer Helix. Prosecutors stated Helix was central to laundering proceeds from illegal online marketplaces, processing at least 354,468 BTC between 2014 and 2017. The mixer was operated by Larry Dean Harmon, who pleaded guilty to conspiracy to commit money laundering and was sentenced to three years in prison. The article also notes the ongoing debate surrounding crypto mixers, referencing the recent convictions and sentencing of operators like Keonne Rodriguez of Samourai Wallet and Roman Storm of Tornado Cash, with figures like Vitalik Buterin arguing for the necessity of such privacy tools.

(Source:The Block)