Police Shut Down Bestmixer Bitcoin Laundering Service

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The Dutch Fiscal Information and Investigation Service (FIOD), in close cooperation with Europol and the authorities in Luxembourg, France and Latvia, has shut down one of the world’s leading cryptocurrency mixing services, Bestmixer.io.

According to the FIOD, the operation against Bestmixer.io is a significant and important step in the fight against criminal flows of money in general and virtual criminal flows of money in particular.

The year-long investigation by the FIOD with the support of the cyber security company McAfee resulted in the seizure of six servers in the Netherlands and Luxembourg.

Bestmixer.io was one of the three largest mixing services for cryptocurrencies and offered services for mixing the cryptocurrencies bitcoinsbitcoin cash and litecoins. The service started in May 2018 and achieved a turnover of at least $200m in the past year.

Read the original article here: computerweekly.com

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