Germany and Switzerland, with Europol coordination, dismantled Cryptomixer, a nine-year-old crypto mixing service accused of laundering roughly $1.4 billion for ransomware groups and darknet markets. The takedown removes a long-standing money-laundering hub from the ecosystem.
Europe will appoint Giuseppe Lopez as head of Europol’s financial crime unit, signaling a stepped-up focus on anti-money-laundering enforcement that includes crypto. The move is expected to sharpen cross-border investigations and coordination with industry and analytics providers.