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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering Charges

Larry Dean Harmon, founder and operator of the bitcoin mixing service Helix has pleaded guilty on Wednesday to money laundering charges. Harmon’s guilty plea follows the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) fining Harmon $60 million last year.

Helix Operator Pleads Guilty to Money Laundering, Conspiracy Charges

According to several reports and a court-issued plea, Ohio resident Larry Harmon (38) pled guilty in a D.C. federal court on Wednesday for money laundering and conspiracy charges. Harmon detailed in court that he plans to cooperate with federal authorities after being accused of operating the bitcoin (BTC) mixing service called Helix from 2014 to 2017.

U.S. prosecutors said that more than $300 million in bitcoin was transferred into Helix and sent out in an anonymous fashion. However, Charles Flood, the defense attorney for Harmon claims that the operator used a “double-blind system” so he was fully unaware of how much BTC was funneled through Helix.

“One interesting thing about this case is there was a double-blind system Harmon had set up with Helix,” Flood said in the federal courtroom on Wednesday. “While he completely acknowledges that he violated the law and was in fact laundering money and knew it was drug proceeds … he does not know the exact amount laundered,” Flood added.

Sole Purpose of Bitcoin Mixer Was to Conceal Criminal Transactions, Feds Aim to Seize 3 Properties

In a U.S. Justice Department press release issued on February 13, 2020, Don Fort, chief of IRS Criminal Investigation explained that it was Harmon’s intent to obfuscate funds. “The sole purpose of Harmon’s operation was to conceal criminal transactions from law enforcement on the Darknet, and because of our growing expertise in this area, he could not make good on that promise,” Fort remarked at the time.

The U.S. government is seeking the forfeiture of three specific properties Harmon owns in Ohio. The court-issued plea explains the federal government wants Harmon’s two properties in Akron, Ohio, and the property he owns in Aurora, Colorado as well.

“It was the goal of the conspiracy for the defendant. Harmon, and other co-conspirators to unlawfully enrich themselves by operating a bitcoin money-laundering service which would conceal and promote illegal Darknet drug sales and other illegal activity,” the Justice Department’s paperwork notes.

Harmon also pleaded guilty to conspiracy charges that are tethered to the former darknet marketplace giant Alphabay. On or about November 8, 2016, a Federal Bureau of Investigation (FBI) agent working undercover “transferred 0.16 bitcoin from an Alphabay bitcoin wallet to Helix.” The agent then exchanged the BTC in a manner so it was not “directly traceable to Alphabay,” the court statement notes.

What do you think about the Helix founder and operator pleading guilty to money laundering and conspiracy charges for his bitcoin mixing service? Let us know what you think about this subject in the comments section below.

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