Germany takes down eXch cryptocurrency exchange, seizes servers

The Federal police in Germany (BKA) seized the server infrastructure and shut down the 'eXch' cryptocurrency exchange platform for alleged money laundering cybercrime proceeds. During the law enforcement operation, the authorities also seized eight terabytes of data and cryptocurrency (Bitcoin, Ether, Litecoin, and Dash) worth approximately $38,000,000, making this the third largest seizure of digital assets in BKA's history. The BKA says the platform did not comply with 'know-your-customer' regulations, allowing money laundering by cybercrime and other illegal rings to bloom. "Since its inception, an estimated 1.9 billion US dollars worth of cryptocurrencies have been transferred through the service," reads the announcement. "There is a suspicion that eXch especially accepted Bitcoin of criminal origin. Among other things, part of the stolen 1.5 billion US dollars from the crypto exchange Bybit, which was hacked on February 21, 2025, is believed to have been laundered through eXch ... Read full article.