Larry Harmon, the operator of the darknet service Helix, has been sentenced to three years in prison for laundering over $300 million worth of Bitcoin. Helix allowed users, mainly criminals, to obscure the origins of cryptocurrency transactions. Harmon partnered with major darknet marketplaces to process illegal transactions involving drugs, stolen data, and counterfeit goods. He pleaded guilty to operating an unlicensed money-transmitting business and conspiring to launder funds. Harmon must also forfeit $311 million, the value of the Bitcoin laundered through Helix. His cooperation in other prosecutions led to a reduced sentence. Additionally, his brother, Gary Harmon, was sentenced to four years for accessing and spending part of the seized cryptocurrency on luxury items.



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