The software developer, who was fined $ 60 million for producing and managing the crypto currency “Helix”, which provides confidentiality and non-prosecution in crypto money transactions, filed a counterclaim for the withdrawal of the penalty.
United States Financial Crime Prevention Network (FinCEN), a sub-office of the US Department of the Treasury (DOJ), October 2020alleged violation of the Federal Bank Secrecy Act (BSA) in Larry Harmonto fined $60 million had struck.
The lawsuit is built on privacy that was introduced in 2014. Helix It was opened because of a crypto currency called. A system that allows Helix to send virtual money in a way that hides the origin of the transacting users. with anonymization protocol It was stated that he was working and that this was a crime under US law.
As a result of the case, no arrest warrant was issued and it was limited to only fines. But two years later, Harmon and his lawyers counter-sued for the abolition of the fine.
In addition to this appeal to the court, Flood, the lawyer of the criminal case, made the following statements:
Harmon never set out to break the law, and if he had known in 2014 that running a Bitcoin mixer was illegal, he would never have done so.
According to court records, in the criminal case Harmon $311,000 accepted a return order. Authorities confiscated several Bitcoin wallets from Harmon as part of the criminal investigation.