The federal police (BKA) in Germany confiscated the server infrastructure and closed the ‘Excit’ Cryptocurrency Exchange platform for the alleged money laundering cybercrime income.
During law enforcement operation, authorities also confiscated eight terabytes data and cryptocurrency (bitcoin, ether, litcoin and dash) worth about $ 38,000,000, making it seizing the third largest of digital assets in the history of BKA.
BKA says that the forum did not comply with the ‘address-your-graded’ rules, allowing money laundering by cyber crime and other illegal rings.
“Since its installation, cryptocurrency of an estimated 1.9 billion US dollars has been transferred through service,” Reads the announcement,
“There is a doubt that the exchange accepted bitcoins of criminal origin, especially criminal origin. Among other things, a $ 1.5 billion stolen from the Crypto Exchange Bibit, which was hacked on February 21, 2025, is believed to be looted through the exchange.”
According to several blockchain experts, the record-bracing bybit Crypto-Heest was operated by the notorious North Korean Hacking Group ‘Lazarre’.
Source: Bka
EXCH was immediately implicated in the money laundering efforts of Lazarus, which was strictly rejected at that time, causing some suspected funds to flow as isolated cases.
Eventually, the operators of the service died for pressure and increased the investigation, Announcement They will stop all operations on 1 May, 2025.
Nevertheless, the seizure of BKA’s EXCH Infrastructure, even if no longer is active, can help detect the stolen zodiac signs and identify the cyber criminal using service.
The operators of the forum are not away from the hook, as the German police announced that they are suspected of operating a commercial money laundering and a criminal online trading platform.
BKA says that, despite the limited time, he announced the closure of his service, he managed to secure the pieces of several evidence, which led to today’s law enforcement operations.
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