Germany’s Federal Criminal Police Office (aka Bundescrimeanalam or BKA) has seized online infrastructure and shutdown Cryptocurrency exchange On allegations of money laundering and operating a criminal business forum.
The operation was carried out on 30 April 2025, said that he seized 8 terabytes of data and cryptocurrency property of € 34 million ($ 38.25 million) in bitcoin, ether, litcoin and dash.
According to bka, exch[.]CX was present since 2014 and offered cryptocurrency swapping services, allowing its users to exchange digital assets. It was available on both the clericnet and dark web.
BKA said in a statement, “exposed”, especially on the platforms of the criminal underground economy (UE), was advertised that it did not implement any money-prone measures. ,
“Users neither needed to identify themselves for service, nor was the user data stored there. Crypto swapping through exhch was therefore suitable for hiding the financial flow especially.”
An estimated $ 1.9 billion cryptocurrency assets estimate that its launch has been transferred using service since its launch. It also includes a part of the illegal income received by North Korean threat actors after Bibit Hack earlier this year.
The development came as an announcement of its plans on 17 April to prevent its operation of this month, inspiring the authorities to secure “evidence and many pieces of lead”.
In a message posted on the Bitcointalk Forum, the Exact said that it was closing after “confirmation of information”, this platform is a matter of an active transatlantic operation that aims to forcibly shut down our project and we have to prosecute for money laundering and terrorism. “
He claimed, “The goals we never had were to enable illegal activities like money laundering or terrorism, as we are now accused.” “We have no inspiration to operate a project where we are seen as criminals. It does not make any sense for us.”
After Techdown, the Dutch Fiscal Information and Investigation Service (FIOD) said in a message that it is “actively examining individuals involved in money laundering and other illegal activities through this swap service.”
“We want to clarify one thing: this action is not an attack on privacy. We respect the right to privacy and recognize its importance in the digital age. However, when services are abused for crime, we will work,” he said.
“We urge everyone involved in illegal activity to immediately shut down. Legal results can be serious. Confidentiality is not the problem – criminal misuse.”
