German Authorities Seize $37.4M Linked to Bybit Hack from Shuttered Crypto Exchange eXch

German prosecutors have confiscated $37.4 million in cryptocurrency and hardware from the unlicensed exchange eXch, which is accused of laundering funds tied to the Bybit hack and other major thefts. The Bundeskriminalamt (BKA) alleges the platform processed tens of millions in stolen assets, including those linked to North Korean threat actors. On-chain investigators traced illicit flows through eXch, highlighting its role in facilitating large-scale crypto crimes.

German Authorities Seize $37.4M in Assets from Shuttered Crypto Exchange eXch

German prosecutors have confiscated $37.4 million in cryptocurrency and hardware from eXch, an unlicensed exchange accused of laundering funds tied to the Bybit hack and other major thefts. The Bundeskriminalamt (BKA) alleges the platform processed tens of millions in stolen assets, including those linked to North Korean threat actors.

On-chain investigators traced illicit flows through eXch, highlighting its role in laundering proceeds from the February Bybit breach. The seizure underscores growing regulatory scrutiny of crypto exchanges operating without compliance frameworks.

RUNE Crypto Surges 56% as THORChain Stages Comeback

THORChain’s native token RUNE has skyrocketed 56% in just one week, marking a dramatic turnaround for the embattled project. The resurgence follows a challenging Q1 2025 that saw bankruptcy rumors and allegations of facilitating laundered Bybit funds.

Key catalysts include the TCY token launch, successful implementation of the v3.5.0 upgrade, and significant fee reductions. Trading volume has surged to $100 billion, signaling renewed market confidence in the cross-chain liquidity protocol.

While still outside the top 100 cryptocurrencies, RUNE’s technical momentum suggests growing investor interest. The project appears to be shaking off its recent controversies through substantive protocol improvements and ecosystem expansion.