The mixing platform that has been operating for nearly ten years has been shut down, and a $1.4 billion Bitcoin money laundering chain has been exposed.

[Chain News] A mixing platform that has been operating for nearly a decade has finally fallen. European law enforcement agencies carried out a joint operation in Zurich last week, directly shutting down Cryptomixer — a service provider that has been in the money laundering business since 2016, having processed Bitcoin worth over $1.4 billion.

This operation yielded significant results: $27 million worth of Bitcoin was seized, along with a total of 12TB of data. Law enforcement teams from Germany and Switzerland, in coordination with Europol and judicial organizations, shut down three servers, and the domain of cryptomixer.io has also been taken down; now when you open the website, you can only see a shutdown notice.

The gameplay of this platform is actually very classic - breaking the tracking chain of funds on the blockchain through mixing technology. Running between the clear web and the dark web, the target audience is diverse: ransomware groups, underground forums, dark web markets… Anyone who needs to launder dirty money comes here. Money earned from drugs, arms trading, ransomware attacks, and credit card fraud can all be “cleaned” here.

Now this money laundering channel is completely cut off.