Bitcoin “Mixer” That Anonymizes Transactions Shaken With $60 Million Penalty From FinCEN
By EsqSocial Corporation 05/11/20
The Financial Crimes Enforcement Network (“FinCEN”) recently hit the founder and primary operator of both Helix and Coin Ninja with a $60 million civil monetary penalty. These companies served as “mixers” or “tumblers” for virtual currencies such as Bitcoin. A “mixer” or “tumbler” accepts currency and transmits it in a manner designed to prevent tracing the transmission back to its source......
By: Vinson & Elkins LLP