US Government Secures $400M in Crypto From Helix Mixer Operations

The U.S. Department of Justice (DOJ) has concluded its proceedings related to the Helix Bitcoin mixer, resulting in a significant forfeiture of $400 million. A conclusive court ruling has now transferred ownership of the seized cryptocurrencies and assets to the federal government, effectively wrapping up a case that revolves around the mixer’s activities between 2014 and 2017.

This final order marks a decisive end to ongoing legal actions regarding the operations of Helix, which was previously alleged to facilitate anonymous cryptocurrency transactions. The case highlights the government's commitment to regulating the cryptocurrency landscape and enforcing compliance with financial laws.