German law enforcement has seized tens of millions of dollars in digital assets from eXch, a controversial crypto exchange facing allegations that it laundered crypto stolen in the record-setting Bybit exploit earlier this year.
On April 30th, Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s Public Prosecutor’s Office seized eXch’s German server infrastructure, per a new press release.
The seizure included eight terabytes of data and €34 million ($38.26 million) worth of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dash (DASH).
Last month, eXch took to the BitcoinTalk forum to announce it was shutting down on May 1st, claiming that “friends” in the state intelligence sector confirmed the exchange is the target of an “active transatlantic operation.”
The DKA says it anticipated eXch’s announcement and secured “numerous pieces of evidence and leads” to conduct the seizure by the end of April.
In February, hackers looted nearly $1.5 billion worth of Ethereum and Lido Staked Ether (stETH) from Bybit in the largest crypto theft ever and possibly the biggest heist in world history.
The blockchain research firm Elliptic, pseudonymous on-chain investigator ZachXBT and other researchers pinned the exploit on the Lazarus Group, a prolific North Korean cybercriminal outfit known for numerous high-profile hacks on major crypto platforms.
Elliptic also said that Lazarus used eXch as part of its process to launder the stolen crypto. The exchange denied the money-laundering allegations, though it did cop to processing an “insignificant” portion of the stolen Bybit funds.
Generated Image: Midjourney
Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.
Categories
Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases
ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE
JOIN US ON TELEGRAM
JOIN US ON X
JOIN US ON FACEBOOK
COPYRIGHT © 2017-2025 THE DAILY HODL
© 2025 The Daily Hodl
German Police Seize $38,260,000 in Crypto From eXch Amid Allegations the Exchange Laundered Hacked ByBit Funds – The Daily Hodl
