U.S. Authorities Seize $400M in Crypto from Helix Mixer in Major Drug Money Laundering Crackdown

In a significant enforcement action, U.S. government agencies have confiscated approximately $400 million in cryptocurrency linked to the Helix mixing service. The seizure is part of a crackdown on alleged money laundering operations connected to illicit drug transactions. Helix, a cryptocurrency "mixer" or "tumbler," is accused of obscuring the origin and destination of funds derived from illegal activities on darknet markets. This move highlights ongoing regulatory and law enforcement efforts to combat the use of digital assets for financial crimes. The case underscores the increasing scrutiny on cryptocurrency privacy tools by authorities aiming to enforce anti-money laundering (AML) regulations in the crypto space.