Europol Seize Nearly $50M Worth of Bitcoin in Money Laundering Racket
Authorities supported by Europol have taken down a serious crypto launderer and seized 1,909 Bitcoin price virtually $50 million.
Europol introduced by way of a press launch that they’d dismantled ChipMixer, one of many world’s largest crypto mixers. Throughout the operation, the companies seized the Bitcoin, 4 servers, and 7 terabytes of knowledge.
ChipMixer Facilitated Laundering
In response to Europol, ChipMixer has operated since 2017 and has facilitated the laundering of 152,000 Bitcoin (approx. $3.69 billion.) Lastly, the press launch reads, “A big share of that is related to darkweb markets, ransomware teams, illicit items trafficking, procurement of kid sexual exploitation materials, and stolen crypto belongings.”
It was a joint operation that concerned Europol and companies from Belgium, Germany, Poland, Switzerland, and america.
In response to an previous tweet from the on-chain sleuth ZachXBT, the FTX hackers transferred funds to the OKX alternate by way of ChipMixer. A crypto mixer is an exterior service that may obfuscate the information linking an deal with to crypto transfers. It may be utilized by these prepared to maintain the on-chain transactions personal.
In January, Europol and Eurojust dismantled a crypto fraud community and seized over $1 million in cryptocurrencies and €50,000 in money. They arrested 15 folks working from Bulgaria, Cyprus, and Serbia.
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