Crypto swapping service Exch closed: 34 million euros confiscated!

Crypto swapping service Exch closed: 34 million euros confiscated!
Frankfurt am Main, Deutschland - The crypto swapping service "Exch" is history! The platform, which has enabled users the exchange of cryptocurrencies since 2014, has now been switched off by the authorities. Cryptocurrencies worth around 34 million euros were ensured. Exch was active in Clearnet and Darknet and advertised not to take any measures against money laundering - a real paradise for criminals. According to estimates, crypto values worth around $ 1.9 billion have been transferred over the service since then.
The operators of Exch originally announced that the service (BKA) and the central information center Tech (ZIT) react quickly and secured important evidence such as the database and the cryptocurrencies in May 2025. In particular, it is believed that Exch took Bitcoin from criminal sources, including funds from the chopped crypto exchange bybit. The chief prosecutor Dr. Benjamin Krause was concerned about the role of crypto swapping in hidden and emphasized the need to consistently act against such anonymous money laundering methods. The investigation could also lead to the clarification of further cyber criminal offenses.
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Ort | Frankfurt am Main, Deutschland |