German prosecutors in Frankfurt have successfully shut down the servers of eXch, a cryptocurrency transaction mixing platform allegedly involved in large-scale money laundering operations. The action resulted in the seizure of €34 million (approximately $38.22 million) worth of cryptocurrencies. Blockchain expert JackXBT reported the news via his Telegram channel, highlighting eXch's prior implication in several money laundering schemes, including funds connected to the Bybit hack. Despite these links, eXch reportedly refused to cooperate with investigations by blocking hacker addresses or freezing illicit funds. Cryptocurrency mixing services like eXch are often used to obscure the origin and destination of cryptocurrency transactions, making it difficult for law enforcement to track illicit funds. This action signals a continued effort by German authorities to combat cryptocurrency-related crime and money laundering within the digital asset space. The investigation is ongoing, and further details are expected to be released. ```