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2025-05-09 17:42:03

Germany confiscated € 34 million in cryptocurrency near the Exch Exchange - suspicion of laundering

    On April 30, 2025, the German police, with the support of the Netherlands, conducted a large-scale operation against the eXch crypto exchange, which had been operating since 2014. The platform was shut down, servers were seized, and €34 million in BTC, ETH, LTC, and DASH was confiscated.

Also seized:

  1.  more than 8 TB of data
  2.  evidence of links to the darknet
  3.  a possible role in laundering part of the $1.5 billion stolen in the Bybit hack

 The platform was actively promoted as a KYC-free exchange that does not collect personal data, which made it popular among darknet users.

 Authorities suspect operators of:|

  • Money laundering
  • creation of an illegal online platform

The exchange planned to close on May 1, but the security forces got ahead of the operators and managed to collect evidence.

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