Germany and Switzerland have jointly shut down a money laundering operation that has been running for nearly 9 years – the coin mixing platform Cryptomixer has been involved in dirty work since 2016, laundering a total of 1.4 billion dollars in Bitcoin.
This operation directly took down their stronghold in Zurich: 3 servers and a total of 12TB of data were confiscated, along with crypto assets valued at over $27 million. The domain name was also directly seized.
Law enforcement agencies stated that this platform specializes in helping people launder money from unknown sources, and the technical means are quite professional. However, no matter how professional it is, it cannot withstand multinational joint investigations; when a crash happens, it happens. This operation serves as a wake-up call for others who want to mix coins—law enforcement's penetration into the crypto space is much deeper than one might imagine.
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WhaleWatcher
· 12-04 05:23
It's been nine years, and still hasn't been discovered. That really shows the technology is solid... But no matter how strong the encryption is, it can't escape multinational law enforcement cooperation. That's pretty impressive.
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NotFinancialAdviser
· 12-03 15:43
Haha, sure, now I really have to change careers. Mixing services aren't as "safe" as I imagined.
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PoetryOnChain
· 12-01 23:53
Damn, after 9 years to get caught, what does this indicate? The law enforcement has been secretly fishing.
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14 billion USD washed out before it flipped over, that's quite a method... but ultimately, it can't withstand so many people.
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Another mixed coin platform has collapsed, I wonder who will dare to do this kind of thing in the future.
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Really don't understand, 27 million USD just got frozen like that, how painful it must be haha.
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Now it's good, 12TB of data is all gone, just think about how many people will get into trouble behind this.
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Law enforcement's infiltration in the encryption field is getting deeper, everyone must be on guard.
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Zurich took down 3 servers in one go, that's a bit ruthless, multinational cooperation is indeed different.
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If I had known, I shouldn't have operated for so long, staying alive actually makes it more dangerous.
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LiquidityWhisperer
· 12-01 12:57
It's been 9 years, and it's really too arrogant. Well, now it's good, they took them all down at once, confiscating 27 million dollars, and it's in a place like Switzerland... law enforcement's reach is getting deeper and deeper.
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ImpermanentLossEnjoyer
· 12-01 12:54
It took 9 years to be taken down? That's quite a survival, haha.
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wagmi_eventually
· 12-01 12:52
Another mixing coin platform has been shut down, and this time it’s a direct raid, 1.4 billion dollars, this courage is truly unmatched.
Law enforcement is getting fiercer, and to be honest, I’m a bit scared of the multi-country collaboration; no matter how strong the technology is, it can't withstand this momentum.
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JustHereForAirdrops
· 12-01 12:44
Wow, 9 years... only now realizing that law enforcement has been keeping an eye on it.
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Mixed coin platforms are crashing one after another; it really feels like there's no future in this now.
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1.4 billion USD just disappeared like that; how many people are going to suffer...
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Zurich swept it all; this action is really ruthless. There’s no way to hide from the cooperation of multiple countries.
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To put it bluntly, no matter how strong the technology is, it can't withstand the resource gap with law enforcement.
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If you're still trusting mixed coin platforms... it's time to wake up.
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They have only tracked down 27 million; it feels like there are still a lot of assets overseas, right?
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ChainWanderingPoet
· 12-01 12:43
It took 9 years to get caught, this efficiency is truly touching... I should have known that law enforcement is so competitive now.
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AirdropHarvester
· 12-01 12:34
Wow, it's been 9 years and they haven't been raided? These people are really bold, 1.4 billion USD just disappeared...
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Mixing platforms are all falling one by one, it's time to face reality, there's no escaping it
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27 million USD confiscated directly, this business is just not worth it... better to be honest
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Laughing to death, no matter how amazing the technology is, it can't compete with joint law enforcement, thinking too much is futile
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Zurich has taken down the hideout, what does this indicate? There's no blind spot in regulation, everyone
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Cryptomixer is directly done for this time, other mixing platforms should be feeling cold too
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Is this how they got caught? So many opportunities to run away in 9 years and it was all useless...
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12TB of data was seized, user information is very likely doomed, characters in danger
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Law enforcement penetration is so deep, in the future, it's really too difficult to rely on mixing coins to hide
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Let's see how many mixing platforms can survive, they're basically all walking on a tightrope
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MemeCurator
· 12-01 12:31
It's been fine for 9 years, but now I've capsized after being checked, haha, the algorithm really isn't reliable.
Germany and Switzerland have jointly shut down a money laundering operation that has been running for nearly 9 years – the coin mixing platform Cryptomixer has been involved in dirty work since 2016, laundering a total of 1.4 billion dollars in Bitcoin.
This operation directly took down their stronghold in Zurich: 3 servers and a total of 12TB of data were confiscated, along with crypto assets valued at over $27 million. The domain name was also directly seized.
Law enforcement agencies stated that this platform specializes in helping people launder money from unknown sources, and the technical means are quite professional. However, no matter how professional it is, it cannot withstand multinational joint investigations; when a crash happens, it happens. This operation serves as a wake-up call for others who want to mix coins—law enforcement's penetration into the crypto space is much deeper than one might imagine.