European Authorities Shut Down Cryptomixer in $1.51B Bitcoin Seizure, Targeting Crypto Crime

European law enforcement agencies have successfully seized the infrastructure of a major cryptocurrency mixing service known as Cryptomixer. The operation, coordinated by Europol, led to the takedown of the service's servers and website. Authorities estimate that the platform processed approximately $1.51 billion (€1.4 billion) worth of Bitcoin (BTC), with a significant portion linked to illicit activities. The investigation revealed that Cryptomixer was extensively used by cybercriminals to launder proceeds from ransomware attacks, darknet market operations, and other financial crimes. This crackdown highlights the increasing global regulatory scrutiny on cryptocurrency mixers and tumblers, which are often used to obscure the origin of funds. The action demonstrates the growing capability of international agencies to trace blockchain transactions and enforce compliance within the crypto ecosystem.