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🚩🚩🚩🚩Europol Seizes Over 25 Million Euros in Bitcoin in Switzerland🚫🚫🚫
A Europol operation, carried out November 24-28, in Zurich, Switzerland, has shut down an illicit cryptocurrency service and seized more than 25 million euros. German and Swiss authorities have cooperated in dismantling Cryptomixer, a cryptocurrency service used for illegal purposes, suspected of facilitating cybercrime and money laundering, the European police agency said in a statement on Monday.
A "mixer" is a service that mixes users" currencies, preventing the tracking of their origin during transactions. Those who use it want to hide the provenance of digital assets, as well as who they belong to or where they go. Mixers have emerged as a solution to protect the anonymity of users in cryptocurrency transactions.
Although cryptocurrency mixers are not illegal, their use may be a crime if it targets illegal activities such as money laundering or other financial offenses. Authorities are increasingly closing down on criminal activities and prosecuting users involved in illicit acts through these platforms.
Europol's operation resulted in the seizure of more than 12 terabytes of data and more than 25 million euros in Bitcoin. In Zurich, three servers were seized, along with the domain "cryptomixer.io".
Hiding criminal funds
According to the European Union agency, "Cryptomixer facilitated the concealment of criminal funds for "ransomware" groups (which blocks the user's access to their files, requiring a payment to restore the data) and markets of "dark web" (dark area of the Internet not accessible by search engine means).
The service prevented tracking the origin of digital assets, making the platform attractive to cybercriminals seeking to whiten illegal income from a variety of criminal activities such as drug trafficking, arms trafficking, ransomware attacks and bank card fraud.
#zcash #BinanceSquareFamily #BinanceSquareTalks #BinanceHerYerde #DASH
$ZEC $DASH $XLM
A Europol operation, carried out November 24-28, in Zurich, Switzerland, has shut down an illicit cryptocurrency service and seized more than 25 million euros. German and Swiss authorities have cooperated in dismantling Cryptomixer, a cryptocurrency service used for illegal purposes, suspected of facilitating cybercrime and money laundering, the European police agency said in a statement on Monday.
A "mixer" is a service that mixes users" currencies, preventing the tracking of their origin during transactions. Those who use it want to hide the provenance of digital assets, as well as who they belong to or where they go. Mixers have emerged as a solution to protect the anonymity of users in cryptocurrency transactions.
Although cryptocurrency mixers are not illegal, their use may be a crime if it targets illegal activities such as money laundering or other financial offenses. Authorities are increasingly closing down on criminal activities and prosecuting users involved in illicit acts through these platforms.
Europol's operation resulted in the seizure of more than 12 terabytes of data and more than 25 million euros in Bitcoin. In Zurich, three servers were seized, along with the domain "cryptomixer.io".
Hiding criminal funds
According to the European Union agency, "Cryptomixer facilitated the concealment of criminal funds for "ransomware" groups (which blocks the user's access to their files, requiring a payment to restore the data) and markets of "dark web" (dark area of the Internet not accessible by search engine means).
The service prevented tracking the origin of digital assets, making the platform attractive to cybercriminals seeking to whiten illegal income from a variety of criminal activities such as drug trafficking, arms trafficking, ransomware attacks and bank card fraud.
#zcash #BinanceSquareFamily #BinanceSquareTalks #BinanceHerYerde #DASH
$ZEC $DASH $XLM
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