Global law enforcement agencies team up to take down major darknet money laundering operation

The US and German authorities, supported by Europol, seized ChipMixer, a darknet cryptocurrency used by cybercriminals for money laundering. According to the US Department of Justice, ChipMixer, is responsible for laundering more than $3 billion worth of cryptocurrency, between 2017 and 2023, in furtherance of ransomware, the darknet market, fraud, and cryptocurrency heists, among other hacking schemes. ChipMixer offered numerous features to enhance its criminal customers’ anonymity, as it had a clearnet web domain but operated primarily as a Tor hidden service. The operator of the darknet cryptocurrency, Minh Quốc Nguyễn, was charged in Philadelphia with money laundering, operating an unlicensed money-transmitting business, and identity theft.