A man who laundered millions of dollars worth of Bitcoin (BTC) has been sentenced to three years in prison after helping authorities in another high-profile crypto money laundering case.
According to a new report from Bloomberg, Larry Harmon — who pleaded guilty to running a crypto-mixing service on the dark web in 2021 — has been sentenced to three years for his role in laundering $300 million worth of Bitcoin on behalf of drug traffickers.
Harmon was initially sentenced to 20 years in prison. However, after cooperating with authorities and testifying against Roman Sterlingov, the founder of Bitcoin Fog – another crypto mixing service he was involved with – Harmon was able to earn a lighter sentence.
The judge of the case imposed a three-year prison sentence for his assistance, even though he was recommended a harsher sentence of at least six years.
Harmon was also ordered to forfeit $311 million in BTC and fined $60 million by the US Treasury Department.
In a court filing, prosecutors in the case said Harmon “took full responsibility for his actions, pleaded guilty, expressed sincere remorse and cooperated extensively with the government,” according to Bloomberg.
Earlier this month, Sterlingov was sentenced to 12.5 years in prison for operating Bitcoin Fog, which processed more than 1.2 million BTC worth about $400 million between 2011 and 2021.
According to the Department of Justice, most of the funds mixed through the agency came from criminal activity related to drugs, computer crime, identity theft and other illegal acts.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
Follow us further XFacebook and Telegram
Surf to the Daily Hodl mix
Featured image: Shutterstock/Yurchanka Siarhei/Panuwatccn