FinCEN claims that Harmon deliberately flaunted the provisions of the Bank Secrecy Act, the cornerstone of U.S. Anti-Money Laundering legislation. It had been violations of the BSA that led to criminal charges from the executive team of crypto trade BitMEX earlier this month.
Harmon was detained in February for working a steady of tumblers, or mixers, that Washington, D.C. prosecutors allege constitute unregistered money services companies. Those fees against him say he laundered over $300 million in Bitcoin. In accordance with today’s announcement,”FinCEN’s investigation has identified at least 356,000 bitcoin transactions through Helix.”
Mixing services attempt to privatize cryptocurrencies by sending them via a massive chain of transactions involving various wallets. The process aims to obscure the roots of coins as well as the entity in control of these when they come from mixing. Harmon’s pellets were just available via the dark web.
Smartmixer has this special concept of using not only one, but three separate coin-pools. Coin-pools are basically the coin-reserves which a mixer uses to send coins that are clean to users.
So when a user sends his/her unclean coins to Smartmixer, these coins are stored at an appropriate coin-pool, and the user is sent different coins from one of the pools. These new coins are certainly not linked to the older coins sent by the consumer.
Users get to pick the exact coin-pool they’d love to receive the coins from, it depends on the service fee that a user chooses to cover.
The 3 pools offered by Smartmixer are:
Standard Pool: The most frequent pool for any mixer. Comprises of coins from other users. Is the least expensive pool.
Smart Pool: Is the most volume-rich pool, since it comprises of coins from different customers (standard Pool) + Smartmixer’s reserves + Investor’s cash.
Stealth Pool: Isn’t as volume-rich as Smart Pool, but is a lot more anonymous and”wash”. Only retains coins from the company reservations and investor’s cash. No unclean coin from different users has shipped . Also costs the maximum service fee.
These pools are what impressed me about Smartmixer (in addition to a few more features). This establishes is the brand new coins will be clean and anonymous, period.
But what about the other features a mixer should provide? Let us take a look at them.
That is because it affirms the mixing of a number of coins along with Bitcoin. Infact, it probably is the only mixer in the industry with such a varied mixing-portfolio.
Smartmixer.io lets users mix:
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