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BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Germany shuts down billions-worth cryptocurrency laundering server

  • By Al Mayadeen English
  • Source: Agencies
  • 16 Mar 2023 11:27
2 Min Read

Germany's Federal Criminal Police Office announces that ChipMixer, a darknet cryptocurrency laundering server, has been shut down.

  • x
  •  Bitcoin cryptocurrency representation is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021 (Reuters).
    Bitcoin cryptocurrency representation is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. (Reuters)

The world's largest crypto money laundering service on the darknet has been shut down by German security authorities on Wednesday.

Germany's Federal Criminal Police Office and Frankfurt's attorney general's office said that the German-based server, ChipMixer, worth about $46.6 million, was seized.

The server operators, according to the Federal Criminal Police Office and the attorney general's office, were accused of running an illicit trading and commercial money laundering platform on the internet.

The authorities further revealed that the server had been in service since 2017 and had allegedly received Bitcoin from criminal origin to disburse it after a so-called "mixing" operation.

The "mixing" operations meant that the platform disrupted the traceability of the credit of the individual owners of cryptocurrencies. In other words, the credit balances are piecemealed and occasionally transmitted with a time delay after being selectively combined with transactions from various senders.

In the particular case concerning ChipMixer, the service reportedly split deposited cryptocurrency into consistent micro-amounts dubbed "chips," according to the security officials.

It is claimed that these little sums were then mixed together to conceal the money's source. The service purportedly offered users total anonymity.

Security experts believe that ChipMixer was used to launder Bitcoins worth $2.9 billion, which could possibly be the darknet's greatest crypto mixer turnover.

Read more: US bonds vs Bitcoin: Markets seem to prefer the latter for investments

  • ChipMixer
  • Money laundering
  • Germany
  • Dark Web
  • Cryptocurrency

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