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@ tzongocu
2025-05-09 09:31:40
📰 News Alert...
🔖 Title: Germany Seizes $38 Million in Cryptocurrency from eXch Linked to Bybit Hack
🗓️ Published: 2025-05-09T12:31:34+03:00
📄 Summary: German authorities have confiscated €34 million (approximately $38 million) in cryptocurrency from eXch, a platform alleged to have facilitated money laundering stemming from the recent $1.4 billion Bybit hack. This significant seizure, announced by Germany’s Federal Criminal Police Office (BKA), marks one of the largest cryptocurrency confiscations in the nation’s history. The BKA criticized eXch for operating without implementing necessary Anti-Money Laundering (AML) measures and noted that the platform had facilitated around $1.9 billion in potentially criminal transactions since its inception in 2014.
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https://cointelegraph.com/news/germany-seizes-38-million-crypto-bybit-hack-linked-exch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
🗞️ Source: Cointelegraph by Helen Partz
💓 #CryptoNews #Blockchain #AML