EU law enforcement agencies shut down cryptocurrency mixing platform Cryptomixer
TL;DR
Europol, with Swiss and German police, shut down Cryptomixer, a crypto mixing service used to launder over €1.3 billion in Bitcoin since 2016, seizing servers, domain, and €25 million in assets.
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Odaily Odaily that Europol, the European Union's (EU) law enforcement agency, said on Monday that a coordinated law enforcement operation in Zurich has successfully dismantled Cryptomixer, a cryptocurrency mixing service allegedly used by cybercriminals to launder illicit Bitcoin.
The raid, conducted from November 24 to 28, was a joint operation by Swiss and German police in cooperation with Europol. The operation resulted in the seizure of three servers, the Cryptomixer.io domain, over €25 million (approximately US$29 million) worth of Bitcoin, and over 12 terabytes of data.
Officials stated that Cryptomixer has assisted in laundering over €1.3 billion worth of Bitcoin since 2016. Its long settlement windows and randomized fund allocation patterns make it an ideal tool for concealing the proceeds of crime.