Europol confirmed the seizure in a press release, where it called Cryptomixer 'the platform of choice for cybercriminals seeking to launder illegal proceeds from a variety of criminal activities, such as drug trafficking, weapons trafficking, ransomware attacks, and payment card fraud.' Hackers and other criminals use laundering services such as Cryptomixer to obfuscate and hide the provenance of their cryptocurrency. By design, cryptocurrencies such as Bitcoin and Ethereum are built on public blockchains that allow law enforcement, as well as blockchain intelligence firms such as Chainalysis and Elliptic, to follow the money over time. Authorities said they seized $25 million euros ($29 million) in Bitcoin, along with three servers, 12 terabytes of data, and the official domain cryptomixer.io, which now displays the customary law enforcement seizure splash page. According to Europol, the site 'facilitated the obfuscation of criminal funds for ransomware groups, underground economy...
learn more
