According to their own statements, German investigators have shut down the world’s largest money laundering service on the dark web. They confiscated the German-based servers of the “ChipMixer” platform and bitcoins worth around 44 million euros, as announced on Wednesday by the Federal Criminal Police and the Attorney General’s Office in Frankfurt am Main.
Service operators allegedly carried out commercial money laundering and a criminal Internet trading platform.
concealment
“ChipMixer” was a service that existed since 2017, which accepted the digital currency Bitcoin of criminal origin to pay it again through concealment processes, the so-called “mixing”.
The deposited crypto assets were therefore divided into small uniform amounts called “chips”. These were then mixed together to hide the source of the money. “ChipMixer” promised complete anonymity to users.
Written for manhunt
It is estimated that bitcoins worth €2.8 billion were laundered through the platform. This made it the world’s best-selling cryptomixer on the Darknet.
Much of this stemmed from darknet marketplaces, fraudulently obtained crypto assets, and other criminal acts. The main suspect was put out by US authorities for manhunt.