The seizure, published yesterday by BK and the Chief Prosecutor’s Office in Frankfurt, included various cryptoimovies. Bitcoin (BTC), Ether (ETH), LITECOIN (LTC) and Dash (Dash) were seized.
In addition to crypto, the authorities also seized German server infrastructure of the EXCH platform. It contains more than eight terabytes of data, and they turned off the platform itself, it is added to the statement.
In an official statement, BCA described Exch as a “swap” service that enabled users to replace different cryptoactives without applying measures to prevent money laundering. The platform acted since 2014. and allegedly allowed crypto transfers in an estimated value of 1.9 billion dollars. It is believed that part of these “criminal origin” funds “, including property was washed during the mentioned hacking of the IBIT exchange. “Among other things, part of $ 1.5 billion stolen with crypto exchange carefulness by BYBIT. He was hacked on 21. February 2025. year, he was allegedly exchanged through the EXCH platform,” authorities wrote.
Additional accusations and discoveries of investigators
According to the publication of the crypto investigator known as Zachxbt, Exch was also involved in washing million amounts from other crypto stealers and exploitation. This includes cases of multisig, fixedfloat and theft of 243 million dollars from Genesis Tree. ZachXBT has added that this also applies to “countless Phishing ‘Drainer’ services over the last few years. With refusing to block addresses and freeze orders.”
ZachXBT was among the first security analysts who reported to Exch bonds with the washing of $ 35 million of cryptoimovine stolen from bybits. Shortly after the hacking was confirmed on 21. February 2025. Years. “Lazarus Group transferred 5,000 ETH from Bybit hacking to the new address. He then started by washing funds (centralized mixer) and bridgeing funds in Bitcoin through Chainflip in the publication on telegram on 22. February.
Reaction of the EXCH platform and extinguishing announcement
After initially denying the involvement in the washing of the BYBIT hacking, EXCH was eventually, in the middle of April, in the publication of Bitcoin Talk announced that they would stop working by 1. May. “Although we managed to do business in spite of some failed attempts to shut down our infrastructure […]. We don’t see the meaning of working in an enemy environment where we are the target of Sigint [Signals Intelligence] Just because some people misinterpret our goals, “they wrote from Exch, and reports to the Finance.
Prosecutor’s Office of ‘Krypto Swapping’
Commenting to seizure, Benjamin Krause, a senior state prosecutor, emphasized the importance of action against “fast and anonymous money laundering opportunities any amount.” “Krypto ‘Swapping’ is a key component of the gray economy. It was used to conceal the incriminuted funds from illegal activities such as hacking or stolen data card data. These become the perpetrators,” Krause said.
