What is a cryptocurrency mixer and how does it work?
Crypto mixers have often been criticized for enabling illicit activities like money laundering and ransomware payments by obscuring transaction trails.
A cryptocurrency mixer is a specialized service designed to increase the privacy and anonymity of blockchain transactions.
Unlike traditional financial transactions, which are private by default, most cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) operate on public blockchains. This means every transaction is permanently recorded and accessible to anyone, making it possible for blockchain analysts or malicious actors to trace the flow of funds between wallets.
