Coin Ninja CEO Arrested for Allegedly Laundering $311M With Bitcoin Privacy Tools Published by Javier Bastardo cointelegraph.com Cointelegraph Larry Harmon, the CEO of Bitcoin media site Coin Ninja and founder of crypto wallet provider DropBit, is facing federal charges related to his use of Bitcoin privacy tools. According to an arrest warrant filed earlier this month, Harmon allegedly laundered over 354,468 Bitcoins (BTC) (worth $311 million at the time of the transactions), allowing the users of a privacy tool named Helix, and a darknet search engine named Grams, to make transactions on AlphaBay, a known dark market that was shut down in 2017. Harmon denied bail Journalist and podcaster Peter McCormack reportedly spoke to Harmon’s brother, Gary Harmon, who said that Coin Ninja’s assets have been frozen and that the FBI has removed $4,000 in Bitcoin from its Lightning Network node. Since DropBit’s funds have been frozen, Gary Harmon and its developers are personally funding the wallet’s operations, according to McCormack.