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European police shut down the mixing platform Cryptomixer, seizing 25 million euros worth of Bitcoin.

[Block Rhythm] There has been major action in Europe again. Last week, the Swiss and German police, in cooperation with Europol, shut down a mixing platform called Cryptomixer.

This operation lasted from November 24 to 28, with considerable results: three servers were seized, the domain name of Cryptomixer.io was taken down, over 25 million euros (about 29 million dollars) worth of Bitcoin was confiscated, along with 12TB of data.

The official revealed that this platform has been in this business since 2016, helping to launder over 1.3 billion euros worth of Bitcoin. Its methods are quite interesting—settlement periods are very long, and fund allocation is still random; this kind of play can indeed obscure the source of dirty money.

The mixing service itself is technically sound, but once it is used for money laundering, regulatory authorities will definitely not sit idly by. This action has also served as a wake-up call for the entire industry: the compliance regulation for cryptocurrencies in Europe is serious; no matter how fancy the technology is, it cannot escape the enforcement efforts.

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BlockchainGrillervip
· 5h ago
25 million euros worth of Bitcoin has been seized, and this time the European police have really struck hard. 1.3 billion euros laundered over 7 years before being caught; the business of mixing coin platforms doesn't seem as safe as we thought. Cryptomixer has collapsed; how many more such platforms are there in the dark web? It feels like they've caught a small leader, while the real black industry chain has long since moved. Mixing coins itself isn't a problem, but it’s scary to become an accomplice... this balance point is something regulatory agencies in every country will never get right. 29 million US dollars; this is a decent haul for the European police this year, but can it really deter anyone? With 12TB of data, I wonder how many key figures can be uncovered. Another "safe haven" has failed; someone in the circle must be looking for an alternative. The enforcement力度 in Europe is much harsher than we imagined.
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MaticHoleFillervip
· 6h ago
25 million euros are gone, now the crypto world has to be more cautious. Cryptomixer has fallen, and it's the European police again, they really don't hold back on this. 1.3 billion euros, wow, this number is truly shocking... The mixing technology itself isn't much, the key is who uses it, once the police set their sights on it, it's over. Operating since 2016, and still got caught, it seems there is no eternal money game. One platform is gone, but there will definitely be another one, this is an endless game of cat and mouse. The enforcement力度 in Europe this time, to be honest, is a bit harsh, how can small platforms cope?
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DataPickledFishvip
· 6h ago
Oh, 25 million euros of BTC directly confiscated? Looks like it's hard to show off in the crypto world now. 1.3 billion euros have been laundered and they’re still around for so long; European police are taking this seriously this time. How did a compliant mixed coin platform become a money laundering tool...? Looks like regulations are tightening again. Cryptomixer's situation is basically a direct explosion; 12TB of data has been seized, and for the users behind... well, it's hard to say. They've been operating since 2016 and only just got shut down; that's quite an average efficiency.
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BakedCatFanboyvip
· 6h ago
Here it comes again, mixing platforms are being taken down one after another, and this time it's Europe making a move, directly seizing 25 million euros worth of Bitcoin? That's ruthless. Damn, 1.3 billion euros, this platform really knows how to launder money, no wonder the police couldn't stand it. This regulatory wave might just be aimed at cleaning up the entire mixing ecosystem, we need to be careful. Mixing coins itself isn't a problem, it's just unfortunate that it has been misused, and there's no remedy for that. The response speed of the European police is truly impressive, when are we going to see a wave like that here? But to be honest, as long as there is demand, this thing won't die, it will just come back under a different name... Now we have to find mixing services again, and the prices are probably going to rise.
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