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FinCEN Slaps Bitcoin Mixing Service with $60 Million Fine

2 mins
Updated by Kyle Baird
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In Brief

  • FinCen has slammed Larry Dean Harmon, founder of Coin Ninja and Helix with a $60 million penalty for violating the Bank Secrecy Act.
  • Harmon had earlier appealed for donations from the public following his prosecution by the DC Attorney's office.
  • The prosecution convicted Harmon of laundering over $311 million worth of BTC for the darknet website AlphaBay between 2014 and 2017.
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David Hundeyin
David is a journalist, writer and broadcaster whose work has appeared on CNN, The Africa Report, The New Yorker Magazine and The Washington Post. His work as a satirist on 'The Other News,' Nigeria's answer to The Daily Show has featured in the New Yorker Magazine and in the Netflix documentary 'Larry Charles' Dangerous World of Comedy.' In 2018, he was nominated by the US State Department for the 2019 Edward Murrow program for journalists under the International Visitors Leadership...
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