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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
中南财经政法大学教授,计算机科学与技术专业工学博士,复旦大学理论...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任快钱支付清算信息有限...
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上传时间: 2020-02-14      浏览次数:167次
DropBit CEO Charged with Money Laundering, Peter McCormack Pulls Ads

https://beincrypto.com/dropbit-ceo-charged-with-money-laundering-peter-mccormack-pulls-ads/

 

Peter McCormack, the host of a cryptocurrency podcast called ‘What Bitcoin Did,’ has paused advertisements for DropBit, an app associated with Larry Dean Harmon. Harmon, a U.S. resident, was recently charged with money laundering on the dark web platform, AlphaBay.

 

DropBit was developed by Coin Ninja, of which Harmon is the CEO. McCormack commented on the arrest on Twitter and asked others for their thoughts on the matter.

 

1/ Re: Dropbit…

 

CEO Larry Harmon has been arrested and is currently in Youngstown Ohio federal jail.

 

Charged with:

Conspiracy to launder money instruments

Operating an unlicensed money transmitting business

 

He faces up to 30 years.

 

Peter McCormack (@PeterMcCormack) February 13, 2020

 

Larry Dean Harmon, a resident of Ohio, has been officially charged by a federal court of running a darknet operation, according to local media outlets. Harmon was allegedly involved in laundering more than $300 million worth of cryptocurrency on the dark web platform AlphaBay, which shut down in 2017. At today’s prices, that sum would be the equivalent of $3.7 billion.

 

New Methods of Money Laundering

Harmon’s operation, which was called Helix, scrambled Bitcoin transactions to make them untraceable, according to the report. Helix was a mixing service,  a popular means of enhancing privacy, that made it difficult to trace the origin of a transaction. The total number of bitcoins that were processed is said to be 354,468, an enormous sum in today’s market.

 

Bitcoin was Once the Go-To Payment Means on Dark Web Marketplaces

 

Bitcoin has been a popular choice of payment on several dark web marketplaces, most notably Silk Road. Like AlphaBay, Silk Road was a popular destination for those looking to anonymously buy illegal substances, weapons, and documents.

 

Dark web operators found the convenience of Bitcoin made it an ideal choice for payment. This has made life a little difficult for Bitcoin, which for a few years had to shake off the association with illicit activities on the dark web.