European cops shut down crypto mixing website that helped launder 1.3 billion euros
A coalition of law enforcement agencies coordinated by Europol announced Monday the shuttering of cryptocurrency laundering service Cryptomixer.
Europol confirmed the seizure in a press release, where it called Cryptomixer “the platform of choice for cybercriminals seeking to launder illegal proceeds from a variety of criminal activities, such as drug trafficking, weapons trafficking, ransomware attacks, and payment card fraud.”
Since 2016, Europol said, Cryptomixer facilitated the laundering of 1.3 billion euros ($1.5 billion) in bitcoin.
Hackers and other criminals use laundering services such as Cryptomixer to obfuscate and hide the provenance of their cryptocurrency. By design, cryptocurrencies such as Bitcoin and…
