Law enforcement agencies in Switzerland and Germany have dismantled Cryptomixer, a major Bitcoin mixing service used by cybercriminals to launder illegal funds. The takedown disrupted a platform that handled over €1.3 billion since 2016 and provided anonymity for ransomware gangs and dark web vendors. #Cryptomixer #BitcoinMixing #Europol #Cybercrime
Keypoints
- Cryptomixer was one of the largest Bitcoin mixers, operational since 2016.
- It handled over €1.3 billion, mostly tied to criminal activities such as drug trafficking and hacking.
- Authorities seized three servers in Switzerland and confiscated over $29 million in Bitcoin.
- The service operated on both the open internet and dark web, aiding illegal anonymity.
- This operation follows recent European and U.S. actions targeting cryptocurrency mixers like ChipMixer and Tornado Cash.
Read More: https://therecord.media/cryptomixer-service-takedown-bitcoin-seized