Coin mixer ChipMixer taken down by global authorities

Europol has announced a joint operation between German and U.S. authorities to take down ChipMixer, a notorious coin mixer that authorities allege has been used to launder EUR 2.73 billion in digital assets.

A coin mixer is a service that is designed to obscure the origin of digital assets, typically by taking identifiable and traceable Bitcoins from customers, shuffles them among other Bitcoin via many transactions, and then returns the equivalent amount of value back to the customer.