German Authorities Shut Down Crypto Platform eXch Over Alleged Money Laundering

German authorities have taken down the cryptocurrency platform eXch following allegations of significant money laundering activities. The shutdown, carried out by the Federal Criminal Police Office and Frankfurt’s Central Office for Combating Cybercrime, led to the seizure of $38 million in crypto assets. This operation follows a probe revealing eXch allegedly processed over $1.4 billion in illicit funds.