German Authorities Dismantle eXch Crypto Laundering Hub, Seize €34 Million

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-09 15:11:01

German law enforcement has dealt a significant blow to cybercriminal networks with the takedown of eXch, a dark web platform specializing in laundering stolen cryptocurrency. The Frankfurt Public Prosecutor’s Office and the Federal Criminal Police Office seized €34 million in digital assets and eight terabytes of forensic data—marking Germany’s third-largest crypto seizure.

Launched in 2014, eXch processed over $1.9 billion in illicit funds, serving as a critical hub for laundering proceeds from high-profile heists, including the $243 million Genesis Creditor hack. On-chain investigator ZachXBT played a pivotal role in exposing the platform’s operations, leading to its shutdown.

By:

Log in to Reply

PI Token Jumps 20% as Mainnet Launch Rumors Swirl

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.