PANews May 9 report, according to the German Federal Criminal Police (BKA) and the Frankfurt Public Prosecutor's Office announcement, the servers and domain (including eXch.cx) of the cryptocurrency exchange platform 'eXch' located in Germany were seized on April 30, and approximately 34 million euros worth of cryptocurrency assets were confiscated, including BTC, ETH, LTC, and DASH. The platform has been accused of providing money laundering channels for illegal funds in multiple cases since it started operations in 2014, including the Bybit hack case, Multisig vulnerability, FixedFloat attack, and Genesis theft case, processing nearly 1.9 billion dollars in suspicious cryptocurrency assets. Authorities pointed out that eXch deliberately evaded KYC and anti-money laundering measures and extensively promoted its services in underground markets. This case marks the third-largest cryptocurrency asset seizure in German history.
