European Authorities Dismantle Cryptomixer in $1.4 Billion Laundering Case

European authorities have dismantled Cryptomixer, a crypto mixing service involved in laundering over €1.3 billion ($1.4 billion) in Bitcoin. During the operation in Switzerland, they seized more than $27 million (€25 million) in Bitcoin and 12 terabytes of data.

The cryptomixer.io domain was also confiscated.
The operation was conducted by German and Swiss law enforcement, with support from Europol and Eurojust.
A seizure banner was placed on the website post-operation.

Crypto mixers like Cryptomixer are used to obscure cryptocurrency transaction sources, often exploited by cybercriminals for illicit activities such as drug trafficking and ransomware attacks.

Cryptomixer supported underground forums and dark-web markets to block the traceability of fraudulent assets.
Consultants describe it as a significant laundering hub due to its use by various criminal entities.
Tornado Cash, another similar service, faced sanctions and legal actions for comparable activities.