DropBit CEO charged with money laundering, Peter McCormack pulls ads



Owing to the charge against Larry Dean Harmon on his involvement in money laundering on AlphaBay, Peter McCormack who is the host of ‘What Bitcoin did, a cryptocurrency podcast, has paused advertisements for DropBit. Harmon engaged in Helix, a scrambled Bitcoin transaction to make them untraceable. The total number of bitcoins that were processed is said to be 354,468. Haman’s assets frozen because of this crime include Coin Ninja and Hamon web and Hamon who is currently in the federal custody could face up to 30 years in prison. Bitcoin has been a popular choice o payment on several dark web market places. Like AlphaBay, Silk Road was a popular for those looking to anonymously buy illegal substances, weapons, and documents.