Frankfurt authorities seize $38.2m from eXch due to money laundering allegations

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Frankfurt authorities have suspended operations for eXch and seized its crypto assets valued $38.2 million. The platform allegedly facilitated money laundering for major crypto heists including the Bybit and Multisig hacks. According to an official statement issued on May 9, the Frankfurt Prosecutor’s Office announced it had shut down the crypto exchange platform, seizing an array of crypto assets worth 34 million euros or equal to $38.2 million. These assets consisted of a mix of Bitcoin ( BTC ...