German and U.S. authorities today closed a “crypto mixer” allegedly used by criminals on the dark web to launder funds—and seized a load of Bitcoin in the process. 

In a Wednesday announcement, Europol said it dismantled the ChipMixer platform’s infrastructure, which it described as “one of the dark web’s largest cryptocurrency laundromats,” and seized $42.2 million-worth of Bitcoin, along with help from Belgium, Swiss, Polish, and U.S. federal law enforcement.

A coin mixer is an app that allows users to obfuscate the origin and destination of cryptocurrency movements by grouping various transactions together.

This particular coin mixing app may have been used to assist one of the biggest crypto hacks of 2022: a blockchain data analyst posted evidence on Twitter back in November showing that ChipMixer had been used by hackers who targeted bankrupt crypto exchange FTX. Hackers targeted the failed crypto company after it went bust and drained it of $446 million in tokens.

Authorities claim ChipMixer was “unlicensed” and was “attractive for cybercriminals looking to

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Author: Mathew Di Salvo

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