The US Department of Justice Seizes Over $4 Billion in Assets Related to Coin Mixing Service Helix

BlockBeats News, January 30, the U.S. Department of Justice announced that it has officially assumed ownership of over $400 million in assets related to the dark web cryptocurrency mixing service Helix, including cryptocurrency, real estate, and cash assets. On January 21, District of Columbia Superior Court Judge Beryl A. Howell signed the final forfeiture order.

Helix, operated by Larry Dean Harmon, processed around 354,468 Bitcoin transactions between 2014 and 2017, valued at $300 million at the time, primarily catering to the money laundering needs of dark web drug traffickers. Harmon pleaded guilty to money laundering conspiracy in August 2021 and was sentenced in November 2024 to 36 months in prison, 3 years of supervised release, and asset forfeiture.