ABD seized 400 million dollars from Helix.

The U.S. Government Seizes Assets Related to Helix

The U.S. government has taken legal possession of over $400 million worth of cryptocurrency, real estate, and cash linked to a dark web bitcoin mixing service called Helix.

Prosecutors have stated that Helix processed at least 354,468 Bitcoin, which is largely associated with dark web drug markets. This service was widely used by online drug dealers and other criminals to launder illicit gains.

The operator of Helix, Larry Dean Harmon, confessed to money laundering conspiracy. He was sentenced to 36 months in prison in November 2024. Additionally, three years of supervised release and significant forfeitures were included in the sentence. This is part of a broader campaign by the U.S. Department of Justice against cybercrime.