Bitcoin Mixing CEO Pleads Guilty to Money Laundering Charges

Helix CEO Larry Dean Harmon pleaded guilty to one count of conspiracy to launder monetary instruments today, CoinDesk reported, after the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) accused him of helping criminals launder hundreds of millions of dollars via a process called Bitcoin mixing.

FinCEN said in October 2020 that Harmon “conducted over 1,225,000 transactions for customers and is associated with virtual currency wallet addresses that have sent or received over $311 million” via Helix between 2014 and 2017. But he never registered Helix or his other company, Coin Ninja, as money services businesses.

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