“ Failure to terminate the violations: FinCEN identified that after closing Helix, Harmon operated Coin Ninja for over two years, till February 6, 2020.
Id. PayPal announced on October 21, 2020 that, starting early next 12 months, its clients will be
ready to use bitcoin and different crypto property to purchase goods and
providers from PayPal’s 26 million merchants across the globe.
On October 19, 2020, The Financial Crimes Enforcement Network (FinCEN) introduced its
first action against a bitcoin mixer: a $60 million civil penalty towards Larry Dean Harmon. " Indictment ¶ 4. Helix was closely trafficked, attracting at the least 356,000 bitcoin trades and $311 million dollars of transactions in its more than three years of operation. Historical past and duration of violations: FinCEN famous solely the operating time of Helix (over three years) however did not word the operating time of Coin Ninja. Financial achieve or other profit on account of violation: Helix "made a big
financial gain" however didn't expend assets on BSA
compliance. ”