FBI Cracks $2.9B Phantom Bridge Crypto Mixer: 47 Servers Seized in Riga Vault
FBI seized $847M in Bitcoin and 47 servers after cracking Phantom Bridge — the crypto mixer laundering $2.9B for ransomware gangs and North Korea. In a 19-month covert operation codenamed PHANTOM LEDGER, the FBI's Crypto Crimes Unit traced Phantom Bridge's Riga data vault after a single Tor misconfiguration exposed operator Aleksei Volkov's home IP for 11 minutes in March 2025. A Latvian sysadmin wore a wire for 9 months inside the operation — capturing 4,847 Slack messages that documented North Korean Lazarus Group transfers, Conti residual funds, and Change Healthcare ransom processing. On May 8, 2026, simultaneous raids across Riga, Tallinn, and Vilnius seized 47 servers, arrested 8 engineers, and recovered $847M — the third-largest crypto seizure in FBI history. The 12,847 victim wallets span 34 countries. #FBI #CryptoCrime #PhantomBridge #CyberCrime #bitcoin Subscribe for more federal investigations
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