Germany Seizes $38 Million in Crypto Tied to Bybit Hack, Shuts Down Unregulated Exchange

German authorities have taken down eXch, an unregistered cryptocurrency exchange, shutting it down and seizing nearly $38 million in crypto tied to the infamous Bybit hack. This enforcement action underscores a growing trend of stricter AML measures within the crypto market. The move signifies a significant step towards enhancing transparency and compliance standards across crypto exchanges globally.