German police shutter crypto anonymiser tied to Bybit hack and seize $38m – DL News
- German police swooped in on eXch platform.
- The exchange is suspected to be linked to stolen funds from the Bybit hack.
- Germany missed out on billions in gains from its last crypto sell-off.
In the latest round of fallout from the recent $1.5 billion hack of Bybit, German law enforcement authorities seized $38 million from a crypto swapping platform on Friday, according to officials.
They also effectively shut down the nine-year-old venture, eXch, which let users anonymise crypto transactions.
Authorities say that eXch is suspected of processing funds from some of the largest crypto thefts in recent years.
This includes an unspecified amount of funds from the $1.5 billion Bybit hack, which has been linked to North Korea’s Lazarus Group,…
