Law enforcement shuts down Cryptomixer in major crypto crime takedown
Summary
Europol has shut down Cryptomixer, a cryptocurrency mixing service used to launder cybercrime proceeds, and seized $29 million in Bitcoin. Since its inception in 2016, Cryptomixer facilitated the mixing of over EUR 1.3 billion in Bitcoin, highlighting the ongoing challenges in combating cryptocurrency-related crimes.
Original Article Summary
Authorities seized $29M in Bitcoin after takedown of Cryptomixer, a service used to launder cybercrime proceeds. Europol announced the seizure of $29M in Bitcoin after shutting down Cryptomixer, a crypto-mixing service used for cybercrime and money laundering. The Europol reported that since its creation in 2016, Cryptomixer mixed over EUR 1.3 billion in Bitcoin. The […]
Impact
Cryptomixer, Bitcoin
In the Wild
No
Timeline
Ongoing since 2016
Remediation
Not specified