RATE Group | US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer
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US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer

14 Feb US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer

Posted at 05:58h in Bitcoin News by

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Larry Harmon was arrested earlier this week for allegedly participating in a money-laundering conspiracy worth more than $300 million in cryptocurrency involving darknet marketplace AlphaBay. However, the family of the Coin Ninja CEO claims he was never involved with AlphaBay.

Harmon’s case raises pressing questions about developer liability in the crypto industry.

In addition to the crypto media site Coin Ninja, Harmon created the bitcoin mixer Helix, which sends transactions out in mixed batches so individual payments are harder to trace. In its indictment, Department of Justice prosecutors refer to Helix as a “money transmitting and money laundering business.”

“Helix enabled customers, for a fee, to send bitcoins to designated recipients in a manner which was designed to conceal and obfuscate the source or owner of the bitcoins,” the indictment continues. “This type of service is commonly referred to as a bitcoin ‘mixer’ or ‘tumbler.’”

In a statement Thursday,…

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