German law enforcement agencies took EUR 34 million ($ 38 million) cryptocurrencies with Exchange, cryptocurrency platform allegedly used for washing funds stolen after record -breaking banging Bybit $ 1.4 billion.
Occupation, announced On May 9, by the German Federal Criminal Police Bureau (BKA) and the main prosecutor’s office Frankfurt included many cryptographic assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dash (Dash). The transfer is the third largest cryptographic confiscation in BKA history.
The authorities also occupied the German infrastructure of Exchange servers with over eight data terabytes and closed the platform, added an advertisement.
Listed Crypto without AML
In the statement, BKA described the exchange as a “exchange” service, which allowed users to exchange various cryptographic assets without implementing money prevention measures (AML).
The platform has been operating since 2014 and apparently facilitated about $ 1.9 billion of cryptographic transfers, some of which were considered “criminal origin”, including assets washed during Hack Bybit.
“Among other things, a part of $ 1.5 billion stolen from Bybit Crypto Exchange, which was hacked on February 21, 2025, it is said that it was mentioned via exchange,” wrote the authorities.
Multisig, Fottionfloat among the cases of washing
According to To the post of Crypto Sleuth Zachxbt, the stock exchange was also involved in the washing of millions of funds from other cryptographic thefts and exploits, including Multisig, FIXTFloat and theft of Genesis creditor in the amount of $ 243 million.
They complemented “countless phishing drainage services over the past few years refusing to block addresses and freeze orders,” said Zachxbt.
ZachxBT was one of the first security analysts who reported the exchange links for the laundry of $ 35 million of cryptocurrency assets stolen from Bybit shortly after confirming the Hack.
Related: Hacken CEO sees “without change” in cryptocurrency safety when April Hacks reached USD 357 million
“The Lazarus group moved the 5 -carat ETH from Hack Bybit to a new address and began washing funds via exch (centralized mixer) and Bitcoin funds bridge by Chainflip”, Zachxbt wrote in the post of telegram on February 22.
Replacement announced Solution of the Services by May 1
After the initial refusal to involve the washing of funds from Bybit Hack, Exche finally announced that she would stop surgery until May 1 in the Bitcoin Talk post published in mid -April.
“Although we managed to act despite some unsuccessful attempts to close our infrastructure […]We do not see any work point in the hostile environment in which we are the target of Sigint [Signals Intelligence] Simply because some people misinterpret our goals, “he wrote.
Asking the attachment, senior public prosecutor Benjamin Krause emphasized the importance of activities against “fast and anonymous money laundering for any amount.”
“Changing cryptocurrencies is an indispensable element of the underground economy, used to hide burdened funds based on illegal actions, such as hacking or trading in a stolen payment card card, providing them with the perpetrators,” he said.
Warehouse: Finally, blow up in space with Justin Sun, the novel national blockchain of Vietnam: Asia Express
