Germany Seizes $38M in Crypto From Shuttered Platform eXch

By: coindoo|2025/05/09 17:45:02

The operation was announced Friday by the Frankfurt Prosecutor General’s Office.The seizure, which took place on April 30, included Bitcoin, Ether, Litecoin, Dash, and the confiscation of over 8 terabytes of data and server infrastructure located in Germany.No AML or KYC: Platform Linked to Underground EconomyFounded in 2014, eXch enabled anonymous crypto swaps by operating without standard anti-money laundering (AML) or know-your-customer (KYC) protocols. According to prosecutors, the platform openly marketed its lack of compliance on websites frequented by participants in the “criminal underground economy.”Authorities estimate that eXch processed nearly $1.9 billion in crypto transactions over its lifetime—much of it suspected to be linked to criminal activity.Links to Major Crypto TheftsThe prosecutor’s statement also noted that a portion of the $1.4 billion stolen from Bybit, the popular crypto exchange, may have been laundered through eXch, though the investigation remains ongoing.This operation marks one of Germany’s largest crypto-related seizures to date, underscoring the growing efforts by law enforcement to crack down on unregulated platforms involved in money laundering and cybercrime.The post Germany Seizes $38M in Crypto From Shuttered Platform eXch appeared first on Coindoo.

Bitcoin is holding firm above the $70,000 support level following a massive short squeeze that liquidated $427 million. As the "Four-Year Cycle" narrative shifts, the market is split: Michael Saylor’s cold, institutional "indiscriminate stacking" vs. Carl Moon’s high-energy retail "hopium." This article decodes these two polar-opposite strategies for the 2026 bull run and reveals how WEEX’s institutional-grade liquidity and AI trading tools empower every type of investor to convert market volatility into profit.

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