US EditionEuropol, Switzerland, Germany Authorities Seize $1.51B Bitcoin Laundering Service Cryptomixer
- Between November 24 and November 28, Swiss and German police dismantled Cryptomixer in Zurich with support from Europol and Eurojust, seizing three servers and the cryptomixer.io domain.
- Europol described how Cryptomixer operated as a hybrid clear‑web and dark‑web mixing service; it facilitated laundering of more than 1.3 billion euros in bitcoin since 2016 for ransomware groups, underground economy forums and dark web markets.
- Authorities seized more than 25 million euros in bitcoin and over 12 terabytes of data; investigators said Cryptomixer used long settlement windows and randomized distribution patterns to obscure proceeds from drug trafficking, weapons sales, ransomware attacks and payment-card fraud.
- Removing the platform and its infrastructure hinders criminals' ability to convert tainted crypto into fiat, while seized data and infrastructure could fuel investigations and prosecutions, Europol said.
- This action continues a series of global enforcement moves targeting crypto mixers and their operators, including Europol's March 2023 ChipMixer takedown with four servers, 7 TB of data, and $46.5 million seized, plus recent Samourai Wallet prosecutions laundering over $237 million.
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XRP Focus: European Authorities Seize $1.51 Billion Worth Of Bitcoin. Is Bitcoin Still Safe?
Recently, the cryptocurrency market has once again been hit by a shocking seizure. Europol dismantled a cryptocurrency mixing platform, alleging it was being used by ransomware groups and darknet markets to launder Bitcoin, seizing servers, data, and $29 million worth of Bitcoin. Bitcoin, which promises a decentralized, uncontrollable, and unbreakable financial system, has been arbitrarily […] XRP Focus: European Authorities Seize $1.51 Billion …
Authorities take down Cryptomixer, seize $28M in Switzerland
European authorities shut down and seized the assets of Cryptomixer, a cryptocurrency mixing service that allegedly facilitated more than $1.5 billion in money laundering for cybercriminals and other illegal activity, Europol said Monday. The weeklong operation, part of “Operation Olympia,” netted the seizure of nearly $28 million in Bitcoin, three servers in Switzerland, the cryptomixer.io domain and more than 12 terabytes of data, officials s…
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