The Dutch Fiscal Information and Investigation Service (FIOD) has taken down a cryptocurrency-mixing service, BestMixer.io, in a crackdown involving Europol and Luxembourg authorities.
The anti-fraud agency said Wednesday that they had begun an investigation against BestMixer last summer. It alleged that the service used to facilitate monetary transactions with unlawful intent. The investigation unearthed many cases in which people used BestMixer for concealing and laundering criminal flow money.
As a part of the move, the authorities seized six servers in Luxembourg and the Netherlands. BestMixer went offline on May 22, 2019. The mixer sourced three cryptocurrencies, specifically bitcoin, bitcoin cash and litecoin.