Europol Seizes $46 Million from Darkweb Crypto Laundering Ring
Bitcoin and altcoins

Europol Seizes $46 Million from Darkweb Crypto Laundering Ring

Europol, the European Union’s law enforcement agency, has announced the seizure of $46 million in cryptocurrency from one of the largest crypto laundering services operating on the darkweb. According to a press release by Europol, the laundering service was used to launder more than $2.8 billion in cryptocurrency over the course of its operation.

The operation, which involved authorities from the Netherlands, Luxembourg, and Poland, targeted Bestmixer.io, a popular crypto mixing service that allowed users to mix their cryptocurrency transactions with those of others in order to obscure their trail.

Europol claims that Bestmixer.io was one of the largest cryptocurrency laundering services operating on the darkweb, with a customer base of over 100,000 users. The service was used to mix various cryptocurrencies, including bitcoin, bitcoin cash, and litecoin.

The operation resulted in the seizure of six servers in the Netherlands and Luxembourg, as well as the arrest of the service’s administrator in the Netherlands. In addition to the $46 million in cryptocurrency, authorities also seized a luxury car, a house, and other assets.

The seizure of Bestmixer.io is part of a wider crackdown on crypto-related crime by Europol and other law enforcement agencies around the world. Crypto mixing services have long been a target of law enforcement, as they are often used to facilitate money laundering and other illicit activities.

In a statement, Europol Executive Director Catherine De Bolle said that “this is a significant success in the fight against criminal abuse of cryptocurrencies,” adding that Europol will continue to work with its partners to “prevent, detect and investigate money laundering and terrorist financing.”

The seizure of Bestmixer.io and the recovery of $46 million in cryptocurrency is a significant blow to the darkweb’s criminal ecosystem. However, it also highlights the ongoing challenges that law enforcement agencies face in regulating and policing the largely unregulated world of cryptocurrencies.

In conclusion, the seizure of Bestmixer.io and the recovery of $46 million in cryptocurrency by Europol underscores the agency’s commitment to combating crypto-related crime. While the operation is a significant victory, it also serves as a reminder of the ongoing challenges facing law enforcement in regulating and policing the largely unregulated world of cryptocurrencies.

back to top