Europol, in collaboration with the FBI and law enforcement agencies in several European countries including Germany, Belgium, Poland, and Switzerland, has taken down ChipMixer, a crypto mixing service that was suspected of laundering over $2.92 billion.
During their operation, intelligence officials shut down the ChipMixer’s infrastructure for its alleged involvement in illegal money laundering activities.
Furthermore, four servers containing 7 terabytes of data were seized, and access to crypto assets worth approximately $47.29 million was gained, including 1909.4 BTC.
The investigation suggests that the platform might have facilitated the laundering of over 152,000 BTC, most of which are linked to darknet markets, ransomware groups, trafficking, sex crimes, and theft of crypto assets.
Meanwhile, in early March, Amin Soleimani, one of the developers of Tornado Cash, unveiled a demo version of a new cryptocurrency mixer, which could enable users to circumvent the ban imposed by the US Department of the Treasury.