Coin mixers, which allow users to obfuscate their transactions, have been the target of law enforcement agencies across the world. ChipMixer is the latest one to face a similar crackdown.
In an operation conducted by German and US authorities, and backed by the European Union Agency for Law Enforcement Cooperation (Europol), police seized four servers, about 1909.4 Bitcoins in a series of 55 transactions (nearly $47 million), and 7 TB of data from the crypto mixing service for its alleged involvement in money laundering activities.
Other national authorities involved in the crackdown include the Cantonal Police of Zurich, Poland’s Central Cybercrime Bureau, as well as Belgium’s Federal police.
(By Chayanika Deka)
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