US EditionGerman Prosecutors, Police Close Down Platform Suspected of Laundering Stolen Crypto
- On April 30, 2025, officials in Germany took control of the eXch cryptocurrency exchange, confiscating approximately $38 million in digital assets and more than eight terabytes of data.
- The shutdown came amid allegations that eXch was involved in laundering stolen cryptocurrencies from several major breaches, notably the February 2025 hack of Bybit, which resulted in losses of approximately $1.5 billion.
- EXch operated anonymously since 2014, lacked know-your-customer protocols, and allegedly advertised on criminal underground forums while enabling laundering of at least $1.9 billion in cryptocurrency.
- Investigators believe that eXch may have knowingly handled Bitcoin linked to illegal activities, marking this confiscation as the third-largest crypto asset seizure in the history of the BKA.
- The takedown underscores growing law enforcement efforts in Europe to dismantle illicit crypto infrastructure and hold facilitators accountable for enabling cybercrime proceeds.
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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…
·Netherlands
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