DmitrySP
@dmitriy138
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German Authorities Seize $38M in Crypto
Massive Crypto Seizure: German authorities confiscated €34M ($38M) in cryptocurrencies, including Bitcoin, Ether, Litecoin, and Dash, from the eXch platform. This ranks as the third-largest crypto seizure in Germany’s BKA history, targeting illicit funds. The operation dismantled a major exchange, raising questions about its operations.
Illegal Operations Uncovered: Operating since 2014, eXch facilitated $1.9B in crypto transactions, some tied to the $1.4B Bybit hack. It bypassed AML and KYC rules, enabling money laundering, prosecutors say. “eXch was a hub for laundering millions,” noted ZachXBT. These allegations highlight the platform’s role in criminal activities, prompting a deeper investigation. 0 reply
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Bybit Hack: New Fund Tracking Update
New Tracking Data: Bybit’s CEO Ben Zhou shared a recent update on the $1.4B hack by Lazarus Group, revealing 68.57% ($960M) of stolen funds are traceable, 27.59% ($386M) untraceable, and 3.84% ($54M) frozen. This shows progress in tracking the massive heist, with most funds still visible on the blockchain. “We’re fighting to recover every bit,” Zhou said, urging more help.
CEO’s Fund Details: Zhou detailed how hackers converted 432,748 ETH into 10,003 BTC, spreading it across 35,772 wallets using mixers like Wasabi and Tornado Cash, plus bridges like THORChain. “Decoding mixers is our biggest hurdle,” he said. The Lazarus Bounty program has received 5,443 reports, 70 valid, paying $2.3M to 12 hunters. Zhou calls for more trackers to join the effort to freeze funds. 0 reply
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Ripple Triumphs Over SEC, XRP Surges
Legal Fight Concludes: On March 19, 2025, Ripple CEO Brad Garlinghouse announced, "This case has ended," marking the close of a 4-year legal battle with the SEC. It began in December 2020 when the SEC sued Ripple, alleging $1.3 billion in unregistered XRP sales. Garlinghouse hailed the resolution as a victory after years of contention.
XRP Price Soars: Following the announcement on March 19, 2025, XRP’s price surged over 8%, climbing above $2.50. Garlinghouse called the SEC’s case "doomed from the start" and part of a "war on crypto," noting it wasted time and resources. The price jump reflects market confidence in Ripple’s win. 0 reply
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