US EditionGerman Prosecutors, Police Close Down Platform Suspected of Laundering Stolen Crypto
- On April 30, 2025, German authorities dismantled the eXch cryptocurrency trading platform, confiscating its server systems along with digital assets valued at approximately $38 million.
- Authorities took this step because eXch was allegedly involved in laundering stolen funds from major crypto heists, such as the $1.5 billion breach of Bybit that occurred earlier in 2025.
- The platform operated since 2014 as an anonymous service without know-your-customer checks, facilitating over $1.9 billion in transactions mostly linked to criminal proceeds.
- Officials characterized the seizure as the third-largest in the BKA’s history, with Director Meywirth emphasizing their commitment to bringing the perpetrators to justice.
- The takedown exemplifies growing European regulatory efforts against illicit crypto services and could help trace stolen funds from major hacks linked to eXch.
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37 Articles
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German police seize 34 million euros in crypto coins
German police have shut down a so-called crypto exchange service and seized 34 million euros worth of crypto coins. According to the police, the service, eXch, was used by criminals to launder money. The service had been around since 2014. Criminals could exchange different cryptocurrencies for other cryptocurrencies, for example bitcoins in exchange for ethereum. This was done anonymously, they did not have to verify their identity and their da…
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