Coin Ninja CEO Larry Harmon has been arrested on the charges of conspiracy to launder money and operating a money transmitting business without the license and permit by the Financial Crimes Enforcement Network. Harmon is also the founder of DropBit. Currently, Harmon is going to be sentenced for 30 years in the federal prison. The arrest warrant was filed at the beginning of February itself which claimed that the Coin Ninja CEO has laundered more than 350,000 BTC (worth more than $311 million). He allowed the Helix users and Grams users to continue making transactions on the dark web market