A man has pleaded guilty to stealing over 712 bitcoin that was 'seized' by the U.S. government in another criminal case. $BTC cryptocurrency
), and 17,404,400.64 dogecoin ,” the DOJ added. “Due to the increase in market prices, the total value of these forfeitable properties exceeds $12 million.”The stolen bitcoin was stored in a Trezor hardware wallet that was seized by the federal government in connection with Larry Harmon, who was arrested in February 2020. The device was stored in an Internal Revenue Service evidence locker.
Larry Harmon pleaded guilty in August 2021 to money laundering conspiracy in connection with “his operation of Helix, a darknet-based cryptocurrency money laundering service, known as a ‘mixer’ or ‘tumbler,'” the DOJ detailed, noting: As Harmon later admitted, Helix laundered over 350,000 bitcoin — valued at over $300 million at the time of the transactions — on behalf of customers, with the largest volume coming from darknet markets.
As part of his arrest, law enforcement seized various assets, including a hardware wallet containing the illegal proceeds generated through his Helix operation. However, while the government was still trying to gain access to the seized bitcoin, Gary Harmon used his brother’s credentials to transfer more than 712, valued at approximately $4.8 million at the time, from his brother’s seized device to his own bitcoin wallets in April 2020. He then laundered the proceeds through two online mixers before using them to finance his own expenditures, the DOJ described.
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