German police have entered infrastructure from the cryptocurrency platform and confiscated more than $ 30 million in digital money.
On April 30, the internet crime branch of the Francfurt prosecutor’s office, as well as the Federal Criminal Police Office (BKA) in Germany, closed the platform, which would have been used to whiten a large part of the stolen funds in the hacking of $ 1.46 billion by Bybit in February.
According to a BKA releaseThe police have entered the German server infrastructure for exchange, more than 8 data of data and cryptographic assets worth around $ 38.2 million.
The bite was acquired by the exchanges proclamation That he would close his operations on May 1 due to what an administrator qualified “an active transatlantic operation aimed at forcefully close our project and continue for” money laundering and terrorism “.” »»
“The operators had initially announced in the short term that they would stop their service on May 1, 2025,” said BKA. “The authorities have anticipated it and obtained numerous elements of evidence and leads.
Exch claims to be an exchange concerned with privacy in preserving financial anonymity – a position that says that the police and the researchers make it mature for money laundering.
Immediately after the hacking of Bybit, the platform accused Exch of serving as a pirates to whiten the funds and asked him to freeze the funds, which were repulsed.
Subsequent surveys by researchers on threats have traced the flow of funds via Echs after the Lazar group’s feat in North Korea. The Elliptical Blockchain Research Company estimated The fact that more than 200 million dollars of stolen cryptocurrency from Bybit passed by Exch, who said he received an “insignificant” amount of stolen funds.
An exchange administrator did not immediately respond to a request for comments.
German investigators believe that since the launch of the service in 2014, a cryptocurrency worth around 1.9 billion dollars has been transferred through exchange. Its services were accessible on the Clearnet and the Darknet.
They said they expect the conclusions of this operation “also contribute to the investigation into many other cybercrimes”.
Registered future
Intelligence cloud.
