An international law enforcement operation has dismantled a cryptocurrency laundering service widely used by ransomware gangs and other cyber-criminal groups.

The service, known as ‘AudiA6’, is suspected of laundering more than €336m ($389m) for cybercriminals between 2022 and 2025. It was seized following parallel investigations by law enforcement agencies in Europe and the US.

The investigation uncovered what is described as an “industrial-scale cryptocurrency laundering operation” which exploited thousands of stolen identities and accounts to fraudulently launder cryptocurrency for criminals.

Analysis by Europol suggested that AudiA6 was tied to laundering funds for least 15 ransomware operations and major cryptocurrency…