The authorities confiscated significant amounts of cryptocurrency from eXch as part of a larger investigation tied to a $1.4 billion hack on Bybit.
eXch, described as a platform for swapping cryptocurrencies without stringent AML measures, allegedly facilitated around $1.9 billion in trades, some linked to criminal activities.
Following the seizure, German officials shut down eXch and seized over eight terabytes of data, aiming to combat illicit financial activities.
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