German Authorities Seize $38 Million in Crypto Assets from No-KYC Exchange eXch

The German authorities have seized $38 million worth of crypto assets belonging to the no-KYC instant market exchange, eXch. This action follows a decision by the exchange’s management to cease operations on May 1st. On-chain investigator ZachXBT confirmed this development and highlighted the exchange’s history of alleged money laundering activities. The seized assets include BTC, ETH, LTC, and DASH, as well as technical infrastructure still under control by German authorities.