Germany excludes EXCH over 1.9b washing from 1.9 m, 34 million euros in CRIPTO and 8TB data sees

10. May 2025Ravie LakshmanaanCriptocurrenci / CIBERCRIME

The German Federal Office for the Criminal Police (aka BundeskriminalaMt or BKA) seized an internet infrastructure and exclusion related to Exchange Criptocurrenci over charges for money laundering and management of a criminal trade platform.

The operation was conducted on April 20, 2025. years, said the authorities, adding, also seeds of cryptocurtes worth 8 million euros ($ 38.25 million) in Bitcoin, Etrian, Litekoin and a dash.

According to BKA, EXCH (.) CKS, existed since 2014. and offered the services of cryptocurrency, allowing users to exchange digital assets. It was also available on Clearnet and the dark web.

EXCH “is especially advertised on the platforms of criminal underground economy (UE) that it has not implemented any money laundering” BKA said in a statement.

“Users are neither required to identify at the service, nor are user data saved there. Cripto spreng via EXP is therefore especially suitable for concealing financial flows.”

Cryptocurrency funds Valuable estimated 1.9 billion dollars estimated that they transferred the use of the service from its launch. This also includes part of illegal income obtained in the North Korean threat to that Bibit Hack Earlier this year.

Development occurs while EXH announced its own plans 17. April to cease to strengthen its operations in effect, encouraging the authorities to ensure “numerous evidence and leads.”

In the message published on the Forum Bitcointalk, EXCH said Turned off after “received confirmation of information” that the platform is “subject to active transatlantic surgery aimed at forced to strengthen our project and processing for” money laundering and terrorism “

“The goals that must have ever had in mind was supposed to allow illegal activities such as money laundering or terrorism, because now they accuse me,” he claims that it claimed. “We also have absolutely no motivation to work a project where we look at ourselves as criminals. It doesn’t make sense to us.”

Following Takedown, Dutch fiscal information and investigation services (Fiod) He said in the message that “actively explore individuals involved in money laundering and other illegal activities through this Swap service”.

“We want to make one thing clear: This action is not an attack on privacy. We respect the right to privacy and recognize its importance in the digital age. However, when services are very abused to commit a crime,” we will “act” added.

“We invite that everyone involved in an unauthorized activity to stop immediately. Legal consequences can be serious. Privacy is not a problem – criminal abuse is.”