PANews reported on May 9 that according to an announcement issued by the German Federal Criminal Police Office (BKA) and the Frankfurt General Prosecutor's Office, the servers and domain names (including eXch.cx) of the cryptocurrency exchange platform "eXch" in Germany were seized on April 30, and crypto assets worth about 34 million euros, including BTC, ETH, LTC and DASH, were seized. The platform has been accused of providing money laundering channels for illegal funds in multiple cases such as the Bybit hacking case, the Multisig vulnerability, the FixedFloat attack, and the Genesis theft case since its operation in 2014, and has processed nearly $1.9 billion in suspicious crypto assets in total. Officials pointed out that eXch deliberately circumvented KYC and anti-money laundering measures and widely promoted it in the underground market. This case is the third largest crypto asset seizure case in German history.
Germany seizes crypto exchange eXch, 34 million euros in crypto assets
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