In a joint attempt, Dutch authorities and Europol have taken down a crypto laundering service called Bestmixer. These platforms also go by the name of cryptocurrency tumbler. Basically, it is an anonymity tool that claims to transform transactions of non-private coins to private. It mixes crypto funds with others, which complicates the tracking of the funds’ original source.

The information of this action comes from the Europol official site. Apparently, Dutch Fiscal Information and Investigation Service (FIOD) has shut down six servers of Bestmixer. This tumbler had a fortune of $200 million. It was in action since May 2018. Bestmixer servers can mix Bitcoin, Litecoin and Bitcoin cash. The website of the crypto laundering service is now down thanks to FIOD authorities.

FIOD started investigating in June 2018 along with Europol and Luxembourg authorities. They found that a large sum of mixed coins was sourcing back to criminal activities. These funds were mostly used for money laundering and illegal financing. Prior to taking any action authorities have been collecting data on chat messages, transactions, bitcoin, and IP-addresses. Europol has plans to further analyze this info and share it with other nations.