Europol Blocks Crypto Mixer ChipMixer and Seizes $47 Million in Bitcoin

Europol, with the assistance of the FBI and the support of the criminal police in Germany, Belgium, Poland and Switzerland, blocked the ChipMixer service, suspected of laundering 2,73 billion euros ($2,92 billion).

During the conduct of operational activities, intelligence officers turned off the infrastructure of the cryptocurrency mixing platform ChipMixer for its alleged involvement in money laundering activities. At the same time, four servers with 7 TB of data were confiscated, and access was also gained to crypto assets in the amount of 1909,4 BTC, approximately 44,2 million euros ($47,29 million).

Investigators suggest that the platform may have facilitated the laundering of more than 152 BTC. According to law enforcement, most of the assets are related to darknet markets, ransomware groups, trafficking in goods, sex crimes and theft of crypto assets.

In early March, one of the developers of Tornado Cash, Ameen Soleimani, announced the launch of a demo version of a new cryptocurrency mixer, which will give users the opportunity to bypass the ban imposed by the US Department of the Treasury.