Authorities from Germany and the US shut down a cryptocurrency mixer today and seized a lot of Bitcoin in the process.
The mixer was allegedly used by criminals on the dark web to launder money.
With assistance from Belgian, Swiss, Polish, and US federal criminal enforcement, Europol said it disassembled the ChipMixer platform’s infrastructure, which it referred to as “one of the greatest cryptocurrency laundromats” on the dark web, and confiscated $42.2 million worth of Bitcoin.
What Is Cryptocurrency Coin Mixers?
Coin mixers gained notoriety last year when the US Treasury Department imposed sanctions on the Tornado Cash platform after alleging that it was being used by North Korean state-sponsored hackers.