Authorities take down Cryptomixer, seize $28M in Switzerland
Overview
Authorities have dismantled Cryptomixer, a cryptocurrency mixing service that facilitated the laundering of over $1.5 billion in Bitcoin since its inception in 2016. The operation, which resulted in the seizure of $28 million in Switzerland, highlights the ongoing efforts to combat cybercrime and the use of cryptocurrency in illicit activities.
Key Takeaways
- Affected Systems: Cryptomixer service, Bitcoin
- Timeline: Ongoing since 2016
Original Article Summary
The cryptocurrency mixing service helped cybercriminals launder more than $1.5 billion in Bitcoin since it began operations in 2016, Europol said. The post Authorities take down Cryptomixer, seize $28M in Switzerland appeared first on CyberScoop.
Impact
Cryptomixer service, Bitcoin
Exploitation Status
No active exploitation has been reported at this time. However, organizations should still apply patches promptly as proof-of-concept code may exist.
Timeline
Ongoing since 2016
Remediation
Not specified
Additional Information
This threat intelligence is aggregated from trusted cybersecurity sources. For the most up-to-date information, technical details, and official vendor guidance, please refer to the original article linked below.