Law Daily Report

Cybercriminals' crypto platform ChipMixer seized in international operation

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

BRUSSELS :International authorities have cracked down on the cryptocurrency platform ChipMixer, alleging it helped obscure the digital money trail for online drug dealers, Russian military hackers and North Korean cybercriminals, Europe's Europol police agency and the U.S. Department of Justice said on Wednesday.

The site - which authorities say laundered more than $3 billion worth of cryptocurrency - was offline on Wednesday, replaced by a banner which read,"THIS WEBSITE HAS BEEN SEIZED" and displaying the logos of German, American, Swiss and Polish law enforcement organizations.

In an email, the Justice Department said Nguyen was not in custody. Reuters was not immediately able to determine his current whereabouts; attempts to reach him by email were not immediately successful. A message sent to ChipMixer's publicly posted email address was not immediately returned. Digital currency tracking service Elliptic said ChipMixer had been used to launder over $844 million in Bitcoin that it tied directly to illicit activity – including at least $666 million from cryptocurrency thefts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cybercriminals' crypto platform ChipMixer taken down, says EuropolBRUSSELS : Police and justice departments from around the world have taken down the cryptocurrency platform known as ChipMixer, which had been used by cybercriminals, Europe's Europol police agency said on Wednesday.Europol said it had supported German, U.S., Belgian, Polish and Swiss authorities in the d
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »