German and Swiss law enforcement agencies jointly shut down Cryptomixer, a money laundering platform that had been operating for nearly nine years.
TL;DR
German and Swiss authorities shut down Cryptomixer, a money laundering platform operating for nearly nine years that laundered $1.4 billion in Bitcoin. The operation seized servers, data, and crypto assets, targeting a hub for ransomware and fraud groups.
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According to Foresight News , Decrypt reports that German and Swiss law enforcement agencies have shut down Cryptomixer, a money laundering platform that operated for nearly nine years and laundered $1.4 billion in Bitcoin since 2016. The operation in Zurich resulted in the seizure of three servers, 12TB of data, and over $27 million in crypto assets, as well as the freezing of its domain names. Authorities stated that Cryptomixer was a major money laundering hub for ransomware groups, Dark Web markets, and fraud organizations.