"Cryptocurrency mixing services allow users to pool their tokens together and have them redistributed to their owners. Everyone receives the same amount they originally put in, minus the platform's fee, but they all get each other's tokens instead of the ones they originally acquired, legitimately or not. While it does not completely hamper law enforcement efforts to track crypto across blockchains, mixed tokens are considerably more difficult to trace, which is why these services are so popular."
"Law enforcement agencies in Germany and Switzerland have shut down cryptocurrency laundering platform Cryptomixer in Europe's latest pushback against cybercrime infrastructure. The Europol-led Operation Olympia took place over November 24-28 and saw authorities seize three Swiss servers and the cryptomixer.io domain. In doing so, officials also swiped 12 terabytes of data and more than €25 million ($29 million) in Bitcoin."
Law enforcement in Germany and Switzerland shut down the Cryptomixer cryptocurrency laundering platform as part of Europol-led Operation Olympia conducted November 24–28. Authorities seized three Swiss servers, the cryptomixer.io domain, 12 terabytes of data and over €25 million ($29 million) in Bitcoin. Cryptomixer enabled users to pool and redistribute tokens so individuals received equivalent amounts but different coins, complicating blockchain tracing. Europol attributes more than €1.3 billion laundered through Cryptomixer since 2016. Crypto mixers are frequently used by ransomware operators, dark web vendors and other criminals. Law enforcement has targeted related malware and hosting infrastructure in parallel operations.
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