Police take down ChipMixer service tied to stolen crypto from FTX, Axie Infinity hacks

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Illustration by Alex Castro / The Verge

ChipMixer, a cryptocurrency mixing service with ties to the hacks concentrating on FTX and Axie Infinity, has been pulled offline by the FBI, Europol, and different worldwide authorities. In a press launch printed Wednesday, the Justice Division says authorities seized $46 million value of cryptocurrency together with the service’s domains and GitHub account.

Crypto mixing companies like ChipMixer make it tougher for third events, comparable to legislation enforcement, to hint crypto transactions, as they funnel completely different funds right into a single pool of crypto earlier than splitting up every quantity and sending them to designated recipients. In accordance with legislation enforcement, in contrast to crypto companies registered to function within the US, it naturally didn’t accumulate…

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