Europol: Cross-border operation in Germany and Switzerland dismantles $1.4 billion worth of cryptocurrency mixers.

PANews reported on December 1st that, according to Decrypt, European authorities have dismantled the cryptocurrency mixing service Cryptomixer, which had laundered over $1.4 billion (€1.3 billion) through Bitcoin since 2016. In a joint operation in Switzerland, law enforcement seized over $27 million (€25 million) worth of Bitcoin and 12 TB of data. With the support of Europol and the European Judiciary, German and Swiss law enforcement agencies carried out the raid last week in Zurich, seizing three servers and the cryptomixer.io domain. According to a Europol press release, the service operated on both the surface and dark web, and law enforcement placed a seizure banner on its website after the service was shut down. According to relevant agencies, Cryptomixer provided a money laundering channel for ransomware groups, underground forums, and dark web markets by blocking the tracing of funds on the blockchain, helping them launder illicit proceeds from drug trafficking, arms sales, ransomware attacks, and payment card fraud.