EU authorities shut down coin tumbler

posted about 2 months ago
The Dutch Financial Criminal Investigative Service seized the website of a Bitcoin transaction mixer in a crackdown involving Europol and other authorities. Calling it the the “first law enforcement action of its kind against such a cryptocurrency mixer service” Europol seized Bestmixer.io's 6 servers based in Luxemourg and the Netherlands.

Tumblers pool funds together & create new transactions, obfuscating their original source, receiving back their money from a wholly new address. Dutch authorities gathered information on interactions on this platform. This includes IP-addresses, transaction details, Bitcoin addresses and chat messages for analysis in cooperation with Europol, and intelligence packages will be shared with other countries.
Tags: blockchain, bitcoin, news