Crypto Crackdown: German Police Pull the Plug on eXch Exchange Over Money Laundering

Germany’s Federal Criminal Police (BKA) has pulled the plug on eXch crypto exchange, citing money laundering and illegal trading accusations. With €34M in crypto and 8TB of data seized, it’s a tough day for eXch, which allowed anonymous swaps and allegedly laundered $1.9B. That’s one way to make an exit!

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Published: May 12, 2025 6:43 amAdded: May 12, 2025 at 12:11 amAssembled by: The Editor
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Hot Take:

Looks like eXch got “eXchanged” for a one-way ticket to the crypto cooler. Who knew running an anonymous crypto exchange could lead to a not-so-anonymous rendezvous with the law?

Key Points:

  • Germany’s Federal Criminal Police (BKA) shut down eXch crypto exchange.
  • The operation was a collaboration between BKA, ZIT, and Dutch FIOD.
  • Authorities seized €34M in crypto and 8TB of data.
  • eXch allegedly laundered $1.9B, with ties to the Bybit hack.
  • Crypto swapping is a crucial tool for concealing illicit funds.

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