Crypto Mixer ChipMixer Washed Out By National Authorities, $46 | CCAI

Crypto Mixer ChipMixer Washed Out By National Authorities, $46 Million In Bitcoin Confiscated: Europol

Summary:

The crypto mixer founded in 2017 was shut down by national authorities led by the European Union Agency For Law Enforcement Cooperation (Europol).Authorities seized $46 million in Bitcoin and 7 terabytes of data from the crypto tumbler.Another crypto mixer, Tornado Cash, was sanctioned by the U.S Treasury back in August 2022.Crypto mixing platform ChipMixer was closed by the European Union Agency For Law Enforcement Cooperation (Europol) on suspicions that the service aided dark web markets, ransomware groups, illicit goods trafficking, procurement of child sexual exploitation material, and stolen crypto assets. 

Authorities from Belgium, Germany, Poland, Switzerland, and the U.S. collaborated to shut down the crypto tumbler which has operated since around 2017. 1,909 Bitcoin (BTC) worth an estimated $46 million was seized after authorities knocked down ChipMixer’s infrastructure. Europol also confiscated four servers and seven terabytes of data from the platform.