In a first-of-its-kind strike against money laundering using cryptocurrency, law enforcement agencies have taken down a major mixing service that helped disguise the origin of funds worth millions of dollars.
BestMixor.io, which had been active since May last year, was seized by law enforcement authorities from the Netherlands and Luxembourg on Wednesday. A notice placed on its website by Dutch police warned users: “You are not anonymous.”
The site had been providing mixing or tumbler services to users of Bitcoin, Bitcoin Cash and Litecoin, mingling and redistributing funds to disguise their origin.
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