German Authorities Crack Down on Crypto Laundering Platform, Seizing €34 Million

Germany has dismantled a major hub for cryptocurrency money laundering, seizing €34 million in digital assets following the closure of eXch. This operation, led by authorities including the Frankfurt Public Prosecutor’s Office and the Federal Criminal Police Office, marks the country’s third largest crypto seizure and signifies a turning point in global efforts to combat illicit activity on blockchain platforms.