Service that attempts to obscure cryptocurrency money trails
A cryptocurrency tumbler or cryptocurrency mixing service[1] is a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source.[2] This is usually done by pooling together source funds from multiple inputs for a large and random period of time, and then spitting them back out to destination addresses. As all the funds are lumped together and then distributed at random times, it is very difficult to trace exact coins. Tumblers have arisen to improve the anonymity of cryptocurrencies, usually bitcoin (hence bitcoin mixer), since the digital currencies provide a public ledger of all transactions. Due to its goal of anonymity, tumblers have been used to money launder cryptocurrency.
^Jeffries, Adrianne (19 December 2013). "How to steal Bitcoin in three easy steps". Retrieved 17 May 2015.
^The Cryptocurrency Tumblers: Risks, Legality and Oversight. Law and Society: Private Law - Financial Law Journal. Social Science Research Network (SSRN). Accessed 6 December 2017.
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