US gov arrests coin tumbler creator Larry harmon because [obscuring crypto tx. this way is a crime]

posted 5 months ago
The American government escalated a war on privacy this week with the arrest of the creator of a Bitcoin “coin mixer” aka tumbler. Coin Ninja’s Larry Harmon was indicted on “money laundering & conspiracy” charges.

The US Department of Justice stated “seeking to obscure virtual currency transactions in this way [using mixers] is a crime” which seems to indicate that bitcoiners may risk prosecution simply for exercising their right to privacy, and specifically that owning or operating a coin tumbler is illegal.
Tags: bitcoin, blockchain, news