German Authorities Seize eXch Crypto Platform Over Money Laundering Ties

The post German Authorities Seize eXch Crypto Platform Over Money Laundering Ties appeared first on Coinpedia Fintech News

The Frankfurt Prosecutor’s Office announced the seizure of the crypto platform eXch by law enforcement. Authorities confiscated €34 million and the platform’s infrastructure. eXch is under suspicion for providing money laundering services related to several high-profile crypto hacks, including the Bybit hack, multisig vulnerabilities, the FixedFloat exploit, and the $243 million Genesis Creditor theft. This crackdown highlights ongoing efforts to combat illicit activities in the crypto space.