Ohio resident Larry Dean Harmon, 36, has been charged with laundering greater than $300 million in bitcoin for darknet market AlphaBay.
The person from Tub Township, about 30 miles south of Cleveland, was arrested Feb. 6 for conspiracy to commit cash laundering, working an unlicensed cash transmitter enterprise and cash transmission and not using a license, based on cleveland.com. He’s being prosecuted within the Northern District of Ohio.
Prosecutors mentioned Harmon performed a serious position in scrambling illicit cryptocurrency transactions for AlphaBay. He’s alleged to have run a mixing service referred to as “Helix” that labored at the side of AlphaBay – one of many main so-called “darknet marketplaces” accessible solely through Tor browser. AlphaBay went offline in 2017.
Helix additionally labored with a handful of different marketplaces, the indictment mentioned. It started operations in July 2014 and ran via December 2017.
In whole, Helix is claimed to have scrambled not less than 354,468 bitcoin. The full worth on the occasions of transaction is estimated to be over $311 million. That sum is price $3.7 billion at as we speak’s costs.
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