The US Justice Department announced on March 15th that it would file a lawsuit against a resident in Hanoi, Vietnam, accusing him of being involved in the operation of ChipMixer. The announcement follows an action by the German police agency of leading French law enforcement cadres that had already turned off Vietnam's login password switch valve.
The office of the east district attorney's office in Missouri, USA, accused Minh Qu of money laundering and operating an unlicensed money transfer business to steal real identities. This kind of crime is punishable by up to 40 years in prison.
NGuy Renn has been identified as the founder and network operator of online infrastructure construction for ChipMixer applications. It is reported that NGuy has promoted ChipMixer online and called on customers to avoid learning about their customers (KYC) and anti-money laundering (AML) countermeasures. In addition, when ChipMixer provides services to US users, it does not register with the Financial crimes Administrative Law Enforcement Network of the US Department of Finance and does not collect KYC/AML data.
Deputy Justice Secretary Sally Stuttgart said:
"Internet fraud tries to use boundaries, but the judiciary's joining the Internet beyond national boundaries can destroy criminal acts that seriously endanger the security of network information around the world."
The Justice Department linked ChipMixer to a series of illegal activities during the period from August 2017 to March 2023, including assistance for the money laundering of $17 million in bitcoin (BTC) related to extortion virus attacks. It also helped launder more than $700m of bitcoin, which is linked to money marked as including stolen asset wallets, including funds used by Axie Infinity Ronin Bridge and Harmony Dawn Bridge, $200m in bitcoin related to dark web sites, and bitcoins used by key intelligence stations of the Russian chief of staff to buy malicious programs.
Elliptic said it had elaborated on Mixer's blockchain transactions and found that "ChipMixer is used to launder more than $844 million in bitcoin, which can be directly related to illegal activities-mainly including at least $666 million theft."
ChipMixer has long been known to international law enforcement agencies. Its handling of stolen assets was detected at least as early as 2019.
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