Darknet Cryptocurrency Mixer Shut Down for Processing $3 Billion in Unlawful Transactions
TL;DR
The Justice Department has taken down ChipMixer, a darknet cryptocurrency "mixing" service that laundered over $3 billion worth of cryptocurrency for ransomware, darknet market, fraud, cryptocurrency heists, and other hacking schemes. The operation involved the seizure of two domains, one Github account, and the ChipMixer back-end servers, as well as the arrest of Minh Quốc Nguyễn, who was charged with money laundering, operating an unlicensed money transmitting business, and identity theft. ChipMixer allowed customers to deposit bitcoin, which was then mixed with other users' bitcoin, making it difficult for law enforcement or regulators to trace the transactions.
- Justice Department Investigation Leads to Takedown of Darknet Cryptocurrency Mixer that Processed Over $3 Billion of Unlawful Transactions Department of Justice
- Philly feds help dismantle popular crypto money-laundering site responsible for cleaning $3 billion in illicit funds The Philadelphia Inquirer
- ChipMixer Is Shut Down for Allegedly Laundering $3 Billion in Crypto The Wall Street Journal
- Federal Police Take Down 'Dark Web Cryptocurrency Laundromat', Seize $42M in Bitcoin Decrypt
- ChipMixer Crypto Service Shut by US, Germany Over $3 Billion in Transactions Bloomberg
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