Germany seizes crypto exchange platform eXch and has seized 34 million euros of crypto assets

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