DTX Manchester DTX Manchester
  • About Us
Wednesday, 3 March, 2021
IT Security Guru
CTX Manchester 2020 banner ad
  • Home
  • Features
  • Insight
  • Events
    • Women in Cyber 2020
    • Women in Cyber 2020 [SPONSORS]
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Women in Cyber 2020
    • Women in Cyber 2020 [SPONSORS]
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
IT Security Guru
No Result
View All Result

Bitcoin mixer fined $60 million

Bitcoin mixer fined $60m penalty by the US Treasury

by Jade
October 20, 2020
in Cyber Bites
Bit coin and handcuffs
Share on FacebookShare on Twitter

The US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued its first penalty to a cryptocurrency mixing service. Both Helix and Coin Ninja have been fined $60 million by the US Treasury. The FinCEN fine was issued to Larry Deam Harmon, the founder of Coin Ninja and Helix cryptocurrency mixers. The fines were issued after Coin Ninja and Helix violated the Bank Secrecy Act (BSA) while operating their services as unregistered money services businesses (MSB).

FinCEN said that the investigation “revealed that Mr. Harmon willfully violated the BSA’s registration, program, and reporting requirements by failing to register as a MSB, failing to implement and maintain an effective anti-money laundering program, and failing to report suspicious activities.” This was after Harmon advertised his services as an anonymous and secure way to “pay for things like drugs, guns, and child pornography.”

0 0 vote
Article Rating
FacebookTweetLinkedIn
ShareTweetShare
Previous Post

Russia set to attack the Olympics, again

Next Post

Google to remove location sharing app

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Top 10 awards to enter for cybersecurity 

March 3, 2021
Medal

Identity theft: US Congressional Medal of Honor

March 3, 2021
Dripping tap

Learning from past hacking attacks

March 2, 2021
Twitter Logo

Twitter tightens rules on the spread of misinformation

March 2, 2021

The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site!

Our Address: 10 London Mews, London, W2 1HY

Follow Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Women in Cyber 2020
    • Women in Cyber 2020 [SPONSORS]
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

This site uses functional cookies and external scripts to improve your experience.

More information
wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply
Privacy Settings / PENDINGGDPR Compliance

Privacy Settings / PENDING

This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.

NOTE: These settings will only apply to the browser and device you are currently using.

GDPR Compliance

Accept