Germany seizes $38 Million in Crypto from Anonymous Exchange in Money Laundering Probe

German authorities seized approximately 34 million euros ($38.2 million) in cryptocurrency from defunct exchange eXch as part of an investigation into allegations of commercial money laundering and operating a criminal trading platform. The seizure, stemming from a coordinated operation on April 30th, involved the recovery of Bitcoin, Ether, Litecoin, Dash, and other digital assets. Authorities also confiscated over 8 terabytes of data and dismantled eXch’s server infrastructure in Germany.