Germany and Switzerland dismantle $1.4 billion crypto mixer in collaboration with Europol

Cryptomixer, a major crypto laundering service, was shut down, disrupting a significant revenue stream for various criminal enterprises. Despite the takedown, experts warn that criminal groups will likely resume laundering via alternative methods in the coming weeks.

The operation highlights ongoing efforts in Europe to counter crypto-related crime, following previous takedowns. While there will be short-term disruptions, the overall trend in money laundering is expected to shift rather than cease, as criminals adapt quickly.

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