2 years ago
Minh Quốc Nguyễn, a nonmigratory of Hanoi, Vietnam, has been charged successful Philadelphia with a fig of offenses arsenic the relation of ChipMixer.
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The United States Justice Department announced connected March 15 that it was pressing charges against a nonmigratory of Hanoi, Vietnam, successful transportation to the cognition of the ChipMixer. The announcement came soon aft it became known that a Europol enactment led by German instrumentality enforcement had closed down the Vietnam-based crypto mixer.
The U.S. Attorney's Office of the Eastern District of Pennsylvania is charging Minh Quốc Nguyễn with wealth laundering, operating an unlicensed wealth transmitting concern and individuality theft, it said. Those crimes transportation a maximum punishment of 40 years’ situation time.
Nguyễn was identified arsenic the creator and relation of the online infrastructure utilized by ChipMixer. Nguyễn allegedly promoted ChipMixer online and advised customers connected however to debar Know You Customer and Anti-Money Laundering (AML/KYC) measures. In addition, ChipMixer serviced American customers without registering with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) oregon AML/KYC collecting data.
Deputy Attorney General Lisa O. Monaco said:
“Cybercrime seeks to exploit boundaries, but the Department of Justice’s web of alliances transcends borders and enables disruption of the transgression enactment that jeopardizes our planetary cybersecurity.”The Justice Department linked ChipMixer to a fig of amerciable activities betwixt August 2017 and March 2023, including facilitating the laundering of $17 cardinal successful Bitcoin connected to ransomware attacks. It besides helped launder implicit $700 cardinal successful Bitcoin connected to wallets flagged arsenic containing stolen funds, including funds from the Axie Infinity Ronin Bridge and Harmony Horizon Bridge exploits, and implicit $200 cardinal successful Bitcoin associated with the darknet, arsenic good arsenic the Bitcoin utilized by the Russian General Staff Main Intelligence Directorate to bargain malware.
3/ For those unfamiliar with CM here’s what it looks similar erstwhile utilizing the mixer. pic.twitter.com/hen8dRJI0F
— ZachXBT (@zachxbt) November 29, 2022Elliptic said it had analyzed the mixer’s blockchain transactions and found, “ChipMixer has been utilized to launder implicit $844 cardinal successful Bitcoin that tin beryllium linked straight to illicit enactment – including astatine slightest $666 cardinal from thefts.”
Related: FTX hacker reportedly transfers a information of stolen funds to OKX aft utilizing Bitcoin mixer
ChipMixer was already known to planetary instrumentality enforcement. Its processing of stolen funds was noticed astatine slightest arsenic aboriginal arsenic 2019.
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