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Tag: blockchain

Cryptomixer Shut Down: Europol Cracks Down on $1.3B Bitcoin Mixing Service

Law enforcement agencies in Switzerland and Germany have reported the dismantling of Cryptomixer , a major mixing service operating since 2016 that helped criminals launder illicitly obtained funds. According to Europol, the service has processed over €1.3 billion in Bitcoin (about $1.5 billion) in recent years. Operation Olympia took place in Zurich in late November. During the raids, which lasted from November 24 to 28, law enforcement agencies, with the support of Europol and Eurojust, seized three servers containing over 12 terabytes of data , blocked domains on the traditional internet and the Tor network, and confiscated €24 million (approximately $29 million)