Bloomberg Law
March 15, 2023, 5:44 PM

US Shuts Down Crypto Service Tied to $3 Billion in Transactions

William Turton
William Turton
Bloomberg News

US and German law enforcement agencies have shuttered ChipMixer, a cryptocurrency service allegedy used to launder billions of dollars in illicit proceeds, authorities said Wednesday.

Ransomware groups, suspected North Korean hackers, dark net market users and vendors who bought and sold stolen financial information used the site, which processed more than $3 billion in illicit transactions, according to the US Justice Department. Bitcoin used by a Russian military intelligence unit to buy hacking tools also flowed through the site, according to the Justice Department.

German police seized $46 million in cryptocurrency as part of the operation as well as servers ...