Tag: crypto laundering

Germany shuts down ‘world’s largest’ crypto launderer
Technology

Germany shuts down ‘world’s largest’ crypto launderer

[ad_1] German authorities said Wednesday they had taken down the "world's largest" money laundering site for cryptocurrency, seizing millions of euros' worth of bitcoin in the process.Law enforcement officials secured around 44 million euros ($46 million) of the digital currency in the move against online platform ChipMixer, the Federal Criminal Police Office (BKA) and Frankfurt prosecutor's office said in a statement. Working together with authorities in the United States and Europol, investigators also seized the servers belonging to the "darknet" site. ChipMixer's operators are suspected of "commercial money laundering and running a criminal trading platform on the internet", the German authorities said.The site is said to have accepted criminally obtained bitcoin to pay it out agai...