German and Swiss investigators dismantle online money-laundering website

Investigators from Germany and Switzerland have successfully disrupted a large-scale online money laundering network linked to cryptocurrencies. On Monday, officials announced the seizure of server infrastructure connected to a prominent Bitcoin mixer and confirmed the platform's complete shutdown.

During the operation, cryptocurrencies valued at approximately 25 million ($29 million) were confiscated. Key agencies involved included the Public Prosecutor's Office in Frankfurt, the Zurich Cantonal Public Prosecutor's Office, the Federal Criminal Police Office, and Europol. Authorities gained access to the platform last Wednesday, according to official statements.

"This action marks a major advance in the global effort to combat online money laundering facilitated by crypto mixers," stated Martina Link, vice president of the Federal Criminal Police Office.

The cryptomixer.io service, active since 2016, was reportedly used to obscure the origin and movement of funds, allowing users to deposit and withdraw cryptocurrencies anonymously. Investigators believe a significant portion of the assets processed on the platform were linked to criminal activities.

The operators of the platform face charges including commercial money laundering and running a criminal trading operation. In Switzerland, authorities seized the server infrastructure along with multiple email accounts and collected data to serve as evidence.

Author: Sophia Brooks