International Agency Closes Cryptocurrency Mixing Service Linked to Ransomware
The world of cryptocurrency has been rocked by the news that an international agency has closed a cryptocurrency mixing service linked to ransomware. The service, known as ChipMixer, was shut down by the Financial Action Task Force (FATF), an intergovernmental organization that sets standards for anti-money laundering and counter-terrorist financing.ChipMixer was a popular service used by cryptocurrency users to mix their coins with other users’ coins, making it difficult to trace the origin of the coins. This was a useful tool for those who wanted to keep their transactions private,