International Operation Takes Down Crypto Mixer Chipmixer — Creator Could Face 40 Years in Prison – Regulation Bitcoin News

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An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered crypto worth over $3 billion. bitcoin darknet

An international operation has taken down

National authorities took down the infrastructure of the platform for its alleged involvement in money laundering activities and seized four servers, about 1909.4 bitcoins in 55 transactions and 7 TB of data. Chipmixer allowed its users to make bitcoin deposits which it “then mixed with other Chipmixer users’ bitcoin, commingling the funds in a way that made it difficult for law enforcement or regulators to trace the transactions,” the Justice Department explained.

 

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to tweets Good work to all those involved in taking down a service that potentially facilitated money laundering - it is an important step in promoting the ethical use of cryptocurrencies.

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