ChipMixer Seized in International Operation

Published on:

Last Updated on March 16, 2023 by Bitfinsider

International authorities have launched an investigation into the cryptocurrency platform ChipMixer, alleging that it aided online drug dealers, Russian military hackers, and North Korean cybercriminals in concealing their digital money trails, according to the European Union’s Europol and the United States Department of Justice.

The site, which officials claim moved more than $3 billion in bitcoin, was taken offline on Wednesday, replaced by a banner reading “THIS WEBSITE HAS BEEN SEIZED” and showing the emblems of German, American, Swiss, and Polish law enforcement agencies.

According to the Justice Department, Vietnamese citizen Minh Quoc Nguyen, 49, has been charged with money laundering and identity theft in association with the platform’s activity. The department claimed in its indictment that Nguyen brazenly violated financial laws and once informed members of a Bitcoin website that “‘Money laundering’ is a crime made up by governments that spy on their people.”

According to a communication from the Justice Department, Nguyen is not in detention.

According to officials, ChipMixer, an illegal cryptocurrency mixer founded in mid-2017, specialized in mixing or cutting traces connected to virtual currency assets. Europol called it “one of the darkweb’s biggest cryptocurrency laundromats,” and said it confiscated more than 40 million euros ($42.2 million) in cryptocurrency.

Elliptic, a digital currency monitoring service, reported that ChipMixer was used to launder over $844 million in Bitcoin that it explicitly linked to illicit behavior, including at least $666 million from cryptocurrency crimes.

Elliptic stated in a blog entry that ChipMixer was one of several mixers used to launder the profits of attacks carried out by the Lazarus Group, a hacking group that cybersecurity experts and Western governments believe is based in North Korea.

According to the Justice Department, Russia’s military intelligence agency, known by its former name, the GRU, used the service to buy equipment for cyber operations.

Because blockchain transactions are public, hackers frequently use mixers to hide the trace of stolen digital currencies and other services that have previously been seized by law enforcement.

Europol, for example, revealed the seizure of Bestmixer.io, a comparable site, in May 2019.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

Related