The Hacker News: Germany shuts down eXch over $1.9bn laundering, seizes €34m in crypto and 8TB of data

This action was part of a coordinated transatlantic law enforcement effort, resulting in the seizure of €34 million in cryptocurrency assets and 8 terabytes of crucial data, aimed at dismantling the criminal network and gathering key evidence for prosecution. Operating since 2014, eXch was notorious for providing anonymous crypto swapping services with no anti-money laundering safeguards, making it a favored channel for obscuring…