In brief
- German prosecutors have announced the seizure of $37.4M (€34M) in cryptocurrency and hardware from eXch.
- The exchange allegedly facilitated money laundering from the Bybit hack and other significant thefts.
- On-chain investigators have accused eXch of processing “tens of millions of dollars” in stolen assets.
German authorities have seized servers and cryptocurrency valued at $37.4 million (€34 million) from eXch, a crypto exchange that prosecutors say operated without proper licenses and facilitated money laundering for North Korean threat actors linked to the Bybit hack in February.
Germany’s Federal Criminal Police Office, the Bundeskriminalamt (BKA) issued a statement on Friday alleging the platform processed transactions…
May 10 2025
