Germany Confiscates $38 Million in Crypto from eXch Platform Linked to Bybit Hack

German authorities seized approximately $38 million in cryptocurrency funds linked to the Bybit hack, targeting eXch, a platform accused of money laundering since 2014. This action follows investigations into the massive $1.5 billion theft from Bybit in February 2025, with eXch serving as a suspected intermediary for laundered funds. The seizure marks a significant step in combating crypto money laundering and highlights the need for robust AML controls within the industry.