German police shut down crypto swapping service Exch, seizing €34 million in crypto linked to the Bybit hack and other laundering schemes, marking the third-largest BKA crypto seizure.
German prosecutors and the BKA seized €34M in crypto and 8TB of data from Exch, a swapping service used to launder billions in illicit funds, including proceeds from the 2025 Bybit hack. Operators face criminal charges for professional money laundering.
Pump.fun is testing its own AMM liquidity pool to reduce reliance on Raydium and retain more transaction fees. The platform also reportedly blocked laundering attempts tied to the $1.4 billion Bybit hack, underscoring its effort to balance meme coin growth with risk control.
eXch will cease operations on May 1 amid allegations it was used to launder funds tied to the $1.4 billion Bybit hack. At the same time, Bybit is shutting down most of its Web3 services, highlighting how security and compliance are reshaping crypto competition.
Crypto exchange eXch announces closure on May 1 amid allegations of laundering $35M from the $1.4B Bybit hack linked to North Korea's Lazarus Group. Meanwhile, Bybit sunsets most Web3 services by May 31, focusing on core business after the exploit. The moves highlight regulatory and security challenges in crypto.
Crypto exchange eXch will shut down on May 1 after being accused of laundering funds from the $1.4B Bybit hack. Bybit also announced a strategic retreat from most Web3 services by May 31. The moves highlight ongoing tensions between privacy, compliance, and security in the crypto industry.
Cryptocurrency exchange eXch will close May 1 over allegations of laundering $35M from the Bybit hack via Lazarus Group. Bybit also cuts most Web3 services by May 31, refocusing on core operations.
Crypto exchange eXch will close on May 1 after allegations of laundering funds from the $1.4B Bybit hack linked to Lazarus Group. Bybit also shuts down most Web3 services by May 31, refocusing on core trading amid market recovery.
