{"id":10957,"date":"2023-03-17T18:10:11","date_gmt":"2023-03-17T18:10:11","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=10957"},"modified":"2023-03-17T18:10:12","modified_gmt":"2023-03-17T18:10:12","slug":"international-operation-takes-down-crypto-mixer-chipmixer-creator-could-face-40-years-in-prison","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=10957","title":{"rendered":"International Operation Takes Down Crypto Mixer Chipmixer \u2014 Creator Could Face 40 Years in Prison"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>An international operation has taken down <\/strong><strong>Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national authorities in the U.S., Germany, Belgium, Poland, and Switzerland \u2014 with Europol\u2019s support.<\/strong><\/p>\n<h2>International Operation Takes Down Chipmixer<\/h2>\n<p>The U.S. Department of Justice (DOJ) announced Wednesday \u201ca coordinated international takedown of Chipmixer,\u201d which it described as \u201ca darknet cryptocurrency \u2018mixing\u2019 service responsible for laundering more than $3 billion worth of cryptocurrency.\u201d Europol, which provided support for the operation to take down the mixing service, independently announced:<\/p>\n<p>National authorities took down the infrastructure of the platform for its alleged involvement in money laundering activities and seized four servers, about 1909.4 bitcoins in 55 transactions (approx. EUR 44.2 million) and 7 TB of data.<\/p>\n<p>U.S. federal law enforcement seized two domains that directed users to the Chipmixer service and one Github account while the German Federal Criminal Police (the Bundeskriminalamt) seized the Chipmixer back-end servers and more than $46 million in cryptocurrency, the DOJ detailed.<\/p>\n<p>Chipmixer allowed its users to make bitcoin (BTC) deposits which it \u201cthen mixed with other Chipmixer users\u2019 bitcoin, commingling the funds in a way that made it difficult for law enforcement or regulators to trace the transactions,\u201d the Justice Department explained.<\/p>\n<p>\u201cIt primarily operated as a Tor hidden service to conceal the location of its servers and prevent seizure by law enforcement,\u201d the DOJ noted, adding that while it has many U.S. users, the service did not register with the U.S. Department of the Treasury\u2019s Financial Crimes Enforcement Network (FinCEN) and did not collect identifying information about its customers.<\/p>\n<p>The Department of Justice added that beginning in and around August 2017, Minh Qu\u1ed1c Nguy\u1ec5n, 49, of Hanoi, Vietnam, \u201ccreated and operated the online infrastructure used by Chipmixer and promoted Chipmixer\u2019s services online,\u201d elaborating:<\/p>\n<p>Nguy\u1ec5n is charged with operating an unlicensed money transmitting business, money laundering and identity theft. If convicted, he faces a maximum penalty of 40 years in prison.<\/p>\n<p><em><strong>What do you think about this case? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Kevin Helms <\/p>\n<p class=\"article__body__author__info__about\">\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.<\/p>\n<p><i class=\"td-icon-font td-icon-mail-1\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/international-operation-takes-down-crypto-mixer-chipmixer-creator-could-face-40-years-in-prison\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national authorities in the U.S., Germany, Belgium, Poland, and Switzerland \u2014 with Europol\u2019s support. International Operation Takes Down Chipmixer The U.S. Department of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-10957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10957"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10957\/revisions"}],"predecessor-version":[{"id":10959,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10957\/revisions\/10959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/10958"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}