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fromTechCrunch
1 week ago

European cops shut down crypto mixing website that helped launder 1.3 billion euros | TechCrunch

Since 2016, Europol said, Cryptomixer facilitated the laundering of 1.3 billion euros ($1.5 billion) in bitcoin. Hackers and other criminals use laundering services such as Cryptomixer to obfuscate and hide the provenance of their cryptocurrency. By design, cryptocurrencies such as Bitcoin and Ethereum are built on public blockchains that allow law enforcement, as well as blockchain intelligence firms such as Chainalysis and Elliptic, to follow the money over time.
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fromBitcoin Magazine
3 weeks ago

Samourai Wallet Co-Founder Sentenced To Four Years For Crypto Money Laundering

William "Bill" Hill was sentenced to four years for operating an unlicensed Bitcoin mixing service that processed over $237 million in criminal proceeds.
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