German Authorities Shut Down Crypto Exchange eXch, Seizing $38 Million in Bitcoin, Ethereum, Litecoin, Dash and 8TB Data

German authorities have shut down the crypto exchange platform eXch, seizing approximately 34 million euros ($38 million) in digital assets, including Bitcoin, Ethereum, Litecoin, and Dash. The seizure also included the platform's infrastructure and over 8 terabytes of data. The action, led by the Frankfurt Prosecutor's Office, is part of one of Germany's largest law enforcement operations targeting suspected money laundering activities linked to cryptocurrency hacks. The platform is alleged to have facilitated money laundering services for cybercriminals, with allegations involving a total laundering amount of around $1.9 billion. The investigation aims to uncover further criminal activities through the extensive data confiscated.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io