Browsing: cryptocurrency laundering

Cryptomixer, a prominent crypto mixing service, has recently come under the spotlight following a significant crackdown by Europol, the EU law enforcement agency.This operation, executed in Zurich, targeted the platform alleged to have facilitated cryptocurrency laundering for cybercriminals by obscuring the origins of illicit bitcoins.

In a significant move against cryptocurrency laundering, the recent Cryptomixer shutdown has sent shockwaves through the digital currency landscape.Jointly executed by German and Swiss authorities, this operation dismantled a notorious Bitcoin mixer that had quietly laundered over $1.4 billion since its inception in 2016.