Germany enters $ 38 million in Crypto from Bibite Exchange Chick-Linked Exchange

German law enforcing 34 million euros ($ 38 million) in cryptocurens from CRPTocurrenci from CRPTocurrency platform that is allegedly used to washing funds stolen after Bibit’s record $ 1.4 billion.

Attack, announced 9. Maja by the German Federal Crime Police Office (BKA) and the Frankfurt Chief Prosecutor’s Office included several crypto funds, including Bitcoin (Btc), Ether (El), Litecoin (LTC) and a dash (Dash). The move indicates the third largest cryptic seizure in the history of BKA.

Authorities also revoked the ECC German server infrastructure with over eight terabytes of data and turned off the platform, added announcement.

Exchanged crypto without AML

In a statement, BKA described the ECC as a “replace” service that enabled users to exchange various crypto funds without application Anti-money for money laundering (AML) measure.

The platform has worked since 2014. year and allegedly facilitated about $ 1.9 billion in Cripto transfers, some of which believed that “criminal origin”, including washing and washing means Bibit Hack.

“Among other things, the part of the $ 1.5 billion from Bibit’s Cripto Exchange, which was hacked on 21. February 2025. years, it is said to be exchanged through ECC,” the authorities were written.

Multisig, Fixingffloat Gothera Fountce

Toward At the Post Cropto Sleuth Zachkbt, Eskch was also included in milling millions from other crypto of theft and feat, including multisig, fixnefloat and the stealing of a $ 243 million government.

These were next to “countless phishing drills in the past few years with the refusal to block addresses and freezing orders,” said Zachkbt.

Zachkbt was among the first security analysts to report on the EXC’s washing-up of 35 million dollar funds stolen from a bagat shortly after Hack is confirmed.

Related: Hacken CEO sees “Without shift” in Cripto Security april Hacks hit $ 357 million

“Lazarus Group has switched 5K ETH with Bitibit Hack to a new address and started washers via EXCH (centralized mixers) and bridging funds in Bitcoin via Chainflip,” ZachkBT) wrote In Telegram 22. February.

Stated termination of services until 1. May

After Initially deny participation In the washing of funds from the Bagati Hak, at the end announced that it would stop working By 1. Maja in Bitcoin conversation published in mid-April.

“Although we managed to operate in spite of some failed attempts, we do not see any place in a hostile environment in which we are aimed at siginthically because some people misinterpret our goals”, wrote that some people misinterpret our goals. “

Addressing the attack, the senior public prosecutor Benjamin Krause emphasized the importance of action against “fast and anonymous money laundering for any amount”.

“CRIPTO Replacement is an essential component of the underground economy, which is used to conceal incriminated funds from illegal activities such as hacking or trading in stolen data on stolen payment cards, making them available to the perpetrators,” he said.

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