What is Cryptomixer and why was it shut down by Europol?

Cryptomixer was a cryptocurrency laundering service used by cybercriminals to hide the origin of illegal funds; Europol shut it down as part of an international law enforcement operation.

How much money did Cryptomixer launder?

Since 2016, Cryptomixer facilitated the laundering of approximately 1.3 billion euros ($1.5 billion) in bitcoin.

What was seized in the operation against Cryptomixer?

Authorities seized $25 million euros ($29 million) in bitcoin, along with servers and 12 terabytes of data.

Home / Crime and Justice / Europol Cracks Down on Major Crypto Laundering

Europol Cracks Down on Major Crypto Laundering

2 Dec

•

Summary

Cryptomixer, a cryptocurrency laundering service, has been shut down by law enforcement.
The service facilitated the laundering of 1.3 billion euros in bitcoin since 2016.
Authorities seized $25 million euros in bitcoin and significant data during the operation.

Europol Cracks Down on Major Crypto Laundering

A significant blow has been dealt to cybercriminals with the coordinated shutdown of the cryptocurrency laundering service, Cryptomixer. Europol confirmed the operation, identifying Cryptomixer as a primary platform for those seeking to obscure illicit funds derived from criminal enterprises.

This service was instrumental in laundering an estimated 1.3 billion euros in bitcoin since its inception in 2016. Cryptomixer employed sophisticated methods to break the blockchain's traceability, pooling and randomizing funds to hide their origins from law enforcement and blockchain analytics firms.

During the enforcement action, authorities successfully seized approximately $25 million euros in bitcoin, alongside critical digital evidence including servers and terabytes of data. The domain cryptomixer.io now displays a seizure notice, marking the end of its operations.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

Europol Cracks Down on Major Crypto Laundering

2 Dec

•

Summary

Cryptomixer, a cryptocurrency laundering service, has been shut down by law enforcement.
The service facilitated the laundering of 1.3 billion euros in bitcoin since 2016.
Authorities seized $25 million euros in bitcoin and significant data during the operation.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.