According to the European Union Agency for Law Enforcement Cooperation, commonly known as Europol, on March 15 the agency seized assets from cryptocurrency mixer ChipMixer for its alleged involvement in money laundering activities. The total assets seized include 1,909.4 Bitcoin (BTC) in 55 transactions worth 44.2 million euros ($46 million).
Additionally, the ChipMixer website was shut down after authorities seized four servers hosting the app. Europol claims that the app has laundered more than €2.73 billion since its creation in 2017. According to law enforcement officials:
“ChipMixer, an unlicensed cryptocurrency mixer created in mid-2017, specialized in mixing or cutting trails related to virtual currency assets. ChipMixer software blocked the blockchain trail of funds, making it attractive to cybercriminals seeking to launder illegal proceeds from criminal activities such as drug trafficking, arms trafficking, ransomware attacks, and payment card fraud.”
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