🚓 The police of Switzerland and Germany, with the support of Europol, carried out a large-scale international operation that resulted in the complete termination of the Cryptomixer service – a crypto mixer that, according to investigators, was actively used for money laundering, hiding digital traces, and supporting cybercriminal schemes.
The operation was named “Olympia” and became one of the most notable in Europe in recent years in the sphere of combating shadow transactions. Law enforcement agencies acted in a coordinated manner and in several stages. First, the main domain of Cryptomixer was taken offline – effectively meaning that the service became completely inaccessible to users. Then three servers were seized, which likely contained transaction logs, technical infrastructure, encrypted databases, and other evidence critically important for the investigation.
The most striking part of the operation was the confiscation of approximately 24 million euros in bitcoin. These funds, according to preliminary data, are connected to illegal cryptocurrency turnover, including proceeds from hacks, extortion schemes, phishing attacks, dark markets, and other forms of cybercrime.
However, even more serious is the total volume of suspicious operations uncovered during the investigation. According to law enforcement estimates, since 2016 more than 1.3 billion euros were laundered through Cryptomixer. To understand the scale: this is comparable to the annual budgets of small European cities or the turnover of major legal fintech companies. Such a volume shows that the service occupied an important place in the ecosystem of avoiding transaction tracking.
Crypto mixers have always been under close regulatory scrutiny, because mixing coins makes it possible to conceal the origin of funds, break the transaction chain, and make digital traces almost untraceable. Although mixers can also be used for legitimate reasons – for example, to protect personal privacy – it is their role in criminal schemes that most often draws investigative attention.
🔥 Operation “Olympia” has once again demonstrated that European law enforcement bodies are strengthening their efforts to combat shadow transactions in the crypto sphere, and international coalitions are becoming increasingly effective. The shutdown of Cryptomixer may become an important signal for other similar platforms: the era of consequence-free coin mixing is gradually coming to an end.
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