U.S. and European authorities have managed to shut down crypto platform ChipMixer, and charge its alleged operator of money laundering.
The platform has been accused of laundering more than $3 billion in criminal proceeds, including $700 million stolen by North Korean hackers.
Prosecutors say they also traced $17 million in bitcoin of ransomware proceeds, made between August 2017 and March 2023 to ChipMixer.
The service became popular in the darknet, because it was able to take funds and co-mingle them, so you couldn’t tell who the owner previously was.
ChipMixer had been in existence since 2017.
