Close Menu
Cryptosphere Update
  • Crypto News
  • Economy
  • Crypto Markets
  • World News
  • Technology
  • Breaking Views
What's Hot

States ask DHS to explain noncitizen voter claims

July 30, 2026

Kentucky Governor Mitch McConnell to certify whether he can serve in the Senate or “resign” from the Senate

July 28, 2026

A father shot his wife and six children to death, then set his Michigan home on fire and committed suicide, authorities say.

July 28, 2026
Facebook X (Twitter) Instagram
Trending
  • States ask DHS to explain noncitizen voter claims
  • Kentucky Governor Mitch McConnell to certify whether he can serve in the Senate or “resign” from the Senate
  • A father shot his wife and six children to death, then set his Michigan home on fire and committed suicide, authorities say.
  • Coinbase Chief Policy Officer Praises Draft Clarity Act
  • Bitcoin flips volatile in US trading session, soars towards $66,000
  • Singapore tightens monetary policy with unexpected measures as inflation risks reignite due to rising oil prices
  • At least 2 killed, 5 injured in Seattle shooting
  • Only 7% of major tokens are above their launch price
Facebook X (Twitter) Instagram
Cryptosphere Update
  • Crypto News
  • Economy
  • Crypto Markets
  • World News
  • Technology
  • Breaking Views
Crypto Heatmap
Cryptosphere Update
Home » US seizes $400 million in Bitcoin, assets tied to Helix Mixer
Crypto News

US seizes $400 million in Bitcoin, assets tied to Helix Mixer

Vickie HelmBy Vickie HelmFebruary 2, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Us seizes $400 million in bitcoin, assets tied to helix
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. government has taken full legal ownership of more than $400 million in seized cryptocurrencies, cash, and real estate related to Helix, once one of the most widely used Bitcoin mixing services on the darknet.

A federal judge in Washington, D.C., issued a final forfeiture order transferring assets to the government on January 21 following the conviction of Helix operator Larry Dean Harmon. Forfeitures include thousands of bitcoins, hundreds of thousands of dollars in cash, and an Ohio mansion purchased at the height of Helix’s business.

Helix acted as a cryptocurrency mixer, pooling and rerouting Bitcoin transactions to obscure their source and destination.

Prosecutors allege that the service was built to serve the darknet drug market and was integrated directly into the withdrawal system through an application programming interface.

According to court records, Helix processed approximately 354,468 bitcoins between 2014 and 2017, worth about $300 million at the time. Investigators tracked tens of millions of dollars from major darknet markets through the service. Harmon received a portion of each transaction as a management fee.

Harmon pleaded guilty in August 2021 to conspiracy to commit money laundering. After years of delays, he was sentenced to three years in prison in November 2024, followed by supervised release. He was also ordered to forfeit the seized assets and pay the seizure money.

Authorities said Helix worked with Grams, a darknet search engine that Harmon also operated, to help users find illegal markets. Together, these services formed part of the financial infrastructure supporting the darknet drug trade at the time.

Cash, an Ohio mansion, and millions of dollars in Bitcoin

The forfeited assets include a 4,099-square-foot home in Akron, Ohio, that the Harmons bought in 2016 for $680,000. According to a report from Realtor.com, the current value based on automated estimates is between $780,000 and $950,000.

This property sits on 1.21 acres and includes multiple fireplaces, a backyard fire pit, and a Jacuzzi tub. The home will be auctioned by the Internal Revenue Service, federal officials said.

In addition to the property, prosecutors reportedly seized more than $325,000 in cash and approximately 4,500 Bitcoin, which would be worth approximately $355 million in current prices, according to Realtor.com.

“This case shows that the darknet is not a safe haven for criminal activity,” U.S. Attorney Jeanine Pirro said in a statement, adding that law enforcement will continue to pursue cyber-based financial crimes.

Harmon was reportedly released from prison in December 2025 through an early release program after completing drug rehabilitation.

He said he plans to restart his legal Bitcoin education business and is looking for a new home following the confiscation.

assets Bitcoin Helix Million Mixer seizes tied
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
vickiehelminc
Vickie Helm

Related Posts

Coinbase Chief Policy Officer Praises Draft Clarity Act

July 27, 2026

Bitcoin flips volatile in US trading session, soars towards $66,000

July 27, 2026

Only 7% of major tokens are above their launch price

July 25, 2026

BitMEX faces proposed class action lawsuit seeking return of 622BTC

July 25, 2026
Add A Comment

Comments are closed.

Popular Posts

The Future of Digital Prosperity: How AI and Web3 Are Shaping the Creator Economy 2.0

October 14, 2024

Bitcoin flips volatile in US trading session, soars towards $66,000

July 27, 2026

BitMEX faces proposed class action lawsuit seeking return of 622BTC

July 25, 2026

LINK has become the most undervalued asset in cryptocurrencies

July 24, 2026
Latest Posts

States ask DHS to explain noncitizen voter claims

July 30, 2026

Kentucky Governor Mitch McConnell to certify whether he can serve in the Senate or “resign” from the Senate

July 28, 2026

A father shot his wife and six children to death, then set his Michigan home on fire and committed suicide, authorities say.

July 28, 2026

Subscribe to Updates

Subscribe to our newsletter and stay updated with the latest news and exclusive offers.

About
About

At Cryptosphere Update, we are dedicated to bringing you in-depth coverage of the rapidly evolving crypto landscape, from market trends and emerging blockchain projects to regulatory developments and expert analysis. Our mission is to keep you informed and ahead of the curve in the ever-changing world of digital assets.

Facebook X (Twitter) Instagram Pinterest YouTube
Don't Miss

States ask DHS to explain noncitizen voter claims

July 30, 2026

Kentucky Governor Mitch McConnell to certify whether he can serve in the Senate or “resign” from the Senate

July 28, 2026

A father shot his wife and six children to death, then set his Michigan home on fire and committed suicide, authorities say.

July 28, 2026
Newsletter

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2026 Cryptosphere Update. All Rights Reserved.
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer

Type above and press Enter to search. Press Esc to cancel.