Crypto Opinions & News ChipMixer platform seized for laundering ransomware payments, drug sales

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Gandalf_The_Grey

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Apr 24, 2016
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An international law enforcement operation has seized the cryptocurrency mixing service 'ChipMixer' which is said to be used by hackers, ransomware gangs, and scammers to launder their proceeds.

The operation was conducted by Europol in coordination with law enforcement in Germany (BKA) and the United States (FBI), allowing the police to seize four servers, 7 TB of data, and $46.5 million worth of cryptocurrency (Bitcoin).

This operation makes it the largest seizure of cryptocurrency assets by the BKA to date.

ChipMixer has been one of the largest cryptocurrency mixing platforms operating on the dark web since 2017, allowing users to convert their money into untraceable "chips," which are then cashed out on "clean" cryptocurrency addresses that can be converted to FIAT money.

As the police seized infrastructure, including the operation's Tor dark web servers, visitors to the platform will now see a seizure banner from Germany's Federal Criminal Police Office Bundeskriminalamt (BKA).
 

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