German and US authorities, with the support of Europol, have taken down the infrastructure of the ChipMixer platform due to its alleged involvement in money laundering activities. They have seized four servers, approximately 1909.4 Bitcoins in 55 transactions (equivalent to around $46 million), and 7 TB of data. The investigation was also supported by the authorities of Belgium, Poland, and Switzerland.
ChipMixer, which was founded by Vietnamese national Minh Quốc Nguyễn, was operating from Vietnam with servers running in Germany. The ChipMixer software blocked the blockchain trail of the funds, making it attractive to cybercriminals looking to launder illegal proceeds from activities such as drug trafficking, weapons trafficking, ransomware attacks, and payment card fraud.
