RATE Group | Bitcoin laundering: Ohio man nabbed for mixing 350,000 Bitcoins
79668
post-template-default,single,single-post,postid-79668,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin laundering: Ohio man nabbed for mixing 350,000 Bitcoins

16 Feb Bitcoin laundering: Ohio man nabbed for mixing 350,000 Bitcoins

Posted at 12:51h in Bitcoin News by

[ad_1]

Police in Ohio have rounded up a man for Bitcoin laundering through allegedly helping criminals clean their illegally acquired gains through the operation of a mixer business while accepting payments through Bitcoin.

Assumptions about bitcoin laundering

The government and the media assume that Bitcoin is only used for criminal activities. In particular, they point out that cryptocurrencies such as Bitcoin are used to pay for prohibited items like drugs and firearms as well as proceeds from illegal activities. The biggest percentage of cryptocurrency transactions in truth are legal and only a small percent is used for activities.

The case here is Larry Harmon from Ohio who was recently apprehended for operating a bitcoin mixer to aid gang-related activities.

Prosecutors in Ohio argue that Larry used his Bitcoin mixer platform, Helix, to transfer Bitcoin from criminals in an effort to make transactions seem legitimate. Larry would receive bitcoin from criminals and…

[ad_2]

Source link

Tags:
, , , , , , ,