US financial watchdog fines early Bitcoin mixer $60M for money laundering
FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations. The founder and operator of some of the first "mixing" services in crypto will have to cough up $60 million to US regulators, even as he faces continued criminal charges. The US Treasury's Financial Crimes Enforcement Network (FinCEN) announced on Monday a $60-million fine fine against Larry Dean Harmon, the man behind Helix and Coin Ninja. Harmon was arrested in February for operating a stable of tumblers or mixers that Washington, D.C.
Coin Telegraph - 19th Oct 18:10