The post Germany, Switzerland Shut Down $1.4B Crypto Mixer in Cross-Border Operation: Europol appeared on BitcoinEthereumNews.com. In brief European authorities have dismantled Cryptomixer, a cryptocurrency mixing service that has laundered over $1.4 billion in Bitcoin since 2016. The operation, conducted in Switzerland, resulted in the seizure of three servers, 12 terabytes of data, and more than $27 million in cryptocurrency. Cybercrime experts say the takedown will cause short-term disruption for criminal groups, but most will likely migrate to alternative laundering services within weeks. European authorities have dismantled Cryptomixer, a crypto mixing service that laundered over $1.4 billion (€1.3 billion) in Bitcoin since 2016, seizing more than $27 million (€25 million) in BTC and 12 terabytes of data during a coordinated operation in Switzerland. Law enforcement from Germany and Switzerland, supported by Europol and Eurojust, executed the takedown last week in Zurich, confiscating three servers and the cryptomixer.io domain. Crypto mixers hide the origin of funds by shuffling incoming transactions and sending back coins that can’t be linked to the original source. The operation placed a seizure banner on the website after shutting down the service, which operated on both the clear web and dark web, according to Europol’s press release. Cryptomixer enabled ransomware crews, underground forums, and dark-web markets to launder proceeds from drug trafficking, weapons trafficking, ransomware attacks, and payment-card fraud by blocking the traceability of funds on the blockchain, according to the agencies. A “major laundering hub” Cybercrime consultant David Sehyeon Baek told Decrypt “the $1.4 billion volume signals a major laundering hub, not a small operation,” noting that mixers only reach that scale “when many ransomware crews, darknet markets, and fraud groups consistently rely on them.” “Staying active for nearly a decade also shows operational maturity—stable infrastructure, automation, and a strong reputation on underground forums,” Baek said. Baek noted the immediate operational impact will disrupt cash-out workflows for dependent criminal groups, causing “delays,… The post Germany, Switzerland Shut Down $1.4B Crypto Mixer in Cross-Border Operation: Europol appeared on BitcoinEthereumNews.com. In brief European authorities have dismantled Cryptomixer, a cryptocurrency mixing service that has laundered over $1.4 billion in Bitcoin since 2016. The operation, conducted in Switzerland, resulted in the seizure of three servers, 12 terabytes of data, and more than $27 million in cryptocurrency. Cybercrime experts say the takedown will cause short-term disruption for criminal groups, but most will likely migrate to alternative laundering services within weeks. European authorities have dismantled Cryptomixer, a crypto mixing service that laundered over $1.4 billion (€1.3 billion) in Bitcoin since 2016, seizing more than $27 million (€25 million) in BTC and 12 terabytes of data during a coordinated operation in Switzerland. Law enforcement from Germany and Switzerland, supported by Europol and Eurojust, executed the takedown last week in Zurich, confiscating three servers and the cryptomixer.io domain. Crypto mixers hide the origin of funds by shuffling incoming transactions and sending back coins that can’t be linked to the original source. The operation placed a seizure banner on the website after shutting down the service, which operated on both the clear web and dark web, according to Europol’s press release. Cryptomixer enabled ransomware crews, underground forums, and dark-web markets to launder proceeds from drug trafficking, weapons trafficking, ransomware attacks, and payment-card fraud by blocking the traceability of funds on the blockchain, according to the agencies. A “major laundering hub” Cybercrime consultant David Sehyeon Baek told Decrypt “the $1.4 billion volume signals a major laundering hub, not a small operation,” noting that mixers only reach that scale “when many ransomware crews, darknet markets, and fraud groups consistently rely on them.” “Staying active for nearly a decade also shows operational maturity—stable infrastructure, automation, and a strong reputation on underground forums,” Baek said. Baek noted the immediate operational impact will disrupt cash-out workflows for dependent criminal groups, causing “delays,…