Authorities take down Cryptomixer, seize $28M in Switzerland
Summary
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.
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
In the Wild
No
Timeline
Ongoing since 2016
Remediation
Not specified