The FBI, Europol, and other international agencies have disabled ChipMixer, a cryptocurrency mixing service with ties to the FTX and Axie Infinity attacks.
The Justice Department stated in a news release published on Wednesday that investigators seized $46 million worth of cryptocurrency along with the service’s domains and GitHub account.
ChipMixer’s Capabilities
Crypto mixing services such as ChipMixer make it more difficult for other parties, such as law enforcement, to trace crypto transactions by combining many payments into a single pool of crypto before separating and transmitting each amount to its designated destination.