Browsing: money laundering operations

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.

The recent takedown of Cryptomixer marks a significant blow to the illicit crypto landscape, disrupting a notorious laundering operation that has facilitated $1.4 billion in money laundering activities since its inception.The service, known for its role in aiding ransomware groups and dark web markets, was dismantled by European authorities, led by teams from Germany and Switzerland in a coordinated action supported by Europol.