Europol Crushes 1.3B Euro Crypto Ring
Summary
This successful international law enforcement action significantly disrupts major criminal financing channels utilizing decentralized digital assets for money laundering.
- Major Takedown Europol coordinated the shutdown of Cryptomixer, a major illicit crypto laundering service operating since 2016 1.
- Asset Seizure Authorities successfully seized assets linked to the laundering platform, totaling approximately 1.3 billion euros 1.
- International Scope The operation targeted funds derived from various criminal activities across multiple European jurisdictions 1.
- 1.3 Billion Euros - Total value of illicit cryptocurrency assets seized during the operation 1.
- Since 2016 - Duration the Cryptomixer service operated before being shut down by police 1.
Key Moments
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The operation resulted in the seizure of assets linked to the platform, amounting to approximately 1.3 billion euros that had been laundered.
— Article [1] -
Cryptomixer utilized by cybercriminals to clean funds derived from various illegal activities across Europe.
— Article [1]
Different Perspectives
Opposing View
Europol dismantles Cryptomixer, seizing 1.3B euros in illicit crypto.
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