WASHINGTON—The Department of Justice (DOJ) reported it has shut down the Bitcoin mixing service ChipMixer.
According to DOJ, ChipMixer has been used to launder more than $3 billion of illicit cryptocurrency transactions since August 2017.
That total includes $17 million of ransomware transactions, $200 million of darknet market transactions, $35 million of transfers tied to fraudulent data sales, and an unspecified amount of transactions tied to a state-backed Russian malware campaign, Cryptoslate reported.
The DOJ also noted that the platform has been used to handle $700 million in connection to two blockchain “heists” against Ronin Bridge and Horizon Bridge.
2 Web Domains Seized
Law enforcement in the U.S. seized two web domains that directed visitors to ChipMixer and one GitHub account that hosted project code. Police in Germany additionally seized the project’s back-end servers and $46 million worth of cryptocurrency, Cryptoslate said.
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