Dutch Fiscal Information and Investigation Service said the coin mixer had been used to launder over a billion dollars in criminal proceeds, including a hacker group with connections to North Korea.
BTC maxis desperate to prove their utility-free token has some functional purpose should tread carefully before promoting it as a tool for wealthy Russians to evade economic sanctions.
Larry Dean Harmon is accused of helping criminals move 350,000 BTC through his mixing service and was heavily linked to infamous dark web marketplace AlphaBay.
Roman Sterlingov, the Russian-Swedish citizen suspected of being the administrator of Bitcoin Fog, was charged with his involvement in laundering some 1.2 million BTC over the period.
FinCEN has penalized Larry Dean Harmon, operator of coin tumblers Helix and Coin Ninja, on charges of violating the Bank Secrecy Act and its implementing regulations.
Larry Dean Harmon is accused of willfully failing to properly register Helix and Coin Ninja and willfully failing to implement an effective anti-money laundering program within either business.