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Authorities take down Cryptomixer, seize $28M in Switzerland

CyberScoop

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

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