Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
IRGC: We have identified and monitored the departure points of the US aircraft that carried out the aggression
IRGC: America has neither the initiative nor the ability to escape the consequences of a powerful response
IRGC: We strongly affirm that Iran's peaceful nuclear technology cannot be destroyed by any attack
Iran's IRGC: Washington has placed itself directly on the frontline of aggression by attacking peaceful facilities
Iran's IRGC: The number, scope, and size of US military bases in the region are not a point of strength, but rather a point of weakness
Tasnim News Agency: Iran's Fordow nuclear facility was only partially damaged by US strikes
UK trade minister Reynolds: We were not involved in Iran attacks but we were informed
Senior Iranian source to Reuters: The number of personnel at the Fordow site had been reduced to a minimum
Senior Iranian source to Reuters: Most of the highly enriched uranium at Fordow was moved to an undisclosed location prior to US attack
Iran's IRGC: The most significant capabilities of the Armed Forces of the Islamic Republic of Iran in this sacred defense have not yet been deployed

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

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025
Iran's heavy barrages impact multiple Israeli targets overnight

Iran's heavy barrages impact multiple Israeli targets overnight

  • Palestine
  • 18 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Iran’s Bavar-373 air defense system on display during a military drill (Mehr News Agency)
Politics

Iran intercepts Israeli drones near Tehran, multiple cities

The Israeli Iron Dome air defense system fires to intercept missiles during an Iranian attack over Tel Aviv, Occupied Palestine, Sunday, June 15, 2025 (AP)
Politics

Iran warns aid to 'Israel' will be treated as aggression

US President Donald Trump arrives to board Air Force One at Joint Base Andrews, Friday, June 20, 2025, en route to Montclair, New Jersey (AP)
Politics

Trump, Erdogan made covert attempts to hold talks with Iran: Axios

Ansar Allah supporters surround a giant Iranian flag during an anti-US and anti-'Israel' weekly rally in Sanaa, Yemen, Friday, June 20, 2025 (AP)
Politics

US ships in Red Sea will be targeted if US attacks Iran: YAF

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS