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German Authorities Freeze $38M in Bybit Hack Fallout—eXch Forced Offline
German Authorities Freeze $38M in Bybit Hack Fallout—eXch Forced Offline
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3
German regulators just played the ultimate cold wallet—seizing $38M tied to the Bybit exploit and yanking eXch’s plug. No ’wait for compliance’ here.
Behind the takedown: A swift crackdown on funds traced to the March 2025 breach, where attackers drained Bybit’s hot wallets. eXch, allegedly used to launder proceeds, now faces a full platform lockdown.
The irony? This ’decentralized’ exchange folded faster than a leveraged trader at 100x. German officials cite anti-money laundering laws—because nothing says ’crypto freedom’ like a government seizure.
Germany has officially taken down a crypto exchange called eXch, seizing $38 million in crypto assets as part of a major investigation linked to the world’s largest digital currency hac... Read More
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