German Authorities Shut Down the eXch Exchange and Seize 34 Million EUR in Cryptocurrencies. #CryptoComeBack

In an unprecedented operation, Germany has officially closed the cryptocurrency exchange eXch and seized more than 34 million euros in digital assets.

This action is part of one of the largest investigations against money laundering in Europe linked to the use of cryptocurrencies. The eXch platform, which operated since 2014 under domains such as exch.cx, has been under scrutiny for its alleged involvement in various high-profile cyber crimes.

The operation, carried out on April 30 by the Frankfurt Prosecutor's Office and the Federal Criminal Police Office (BKA), also allowed the seizure of over 8 terabytes of digital information related to illicit activities.

According to authorities, eXch was used to launder hundreds of millions in cryptocurrencies obtained through hacks and scams, including the theft of USD 1.5 billion from Bybit and USD 243 million from Genesis creditors.

One of the most alarming aspects is that the site itself was promoted in the black market as a service without identification controls or anti-money laundering (AML) policies.

It allowed the direct exchange of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Dash without requiring any type of registration, making it a perfect tool to hide the origin of illegal funds.

This crackdown is not an isolated case. Europe has intensified its efforts to dismantle crypto platforms used for criminal purposes, as seen with ChipMixer, Sinbad, and the Hydra network.

The closure of eXch sends a clear message: anonymity is no excuse for facilitating crime, and authorities are determined to protect the integrity of the digital financial ecosystem.