“Exch Served As a Hub for Over $ 1.9 Billion in Illicit Crypto Transfers, Authorities Said, With Funds Tied to Both High-Profile Hacks and Phishing Operations.”, – WRITE: www.coindesk.com
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The Platform Is Suspected of Being Involved in Laundering Hundreds of Millions from Major Crypto Breaches, Including the Bybit Hack and Genesis Creditor Theft.
Investigators said they estimate that exch facilitated over $ 1.9 Billion in Crypto Transactions, Much of It Believed to be Criminal Proceeds.
The Frankfurt Public ProseCutor’s Office and the Federal Criminal Police Office (BKA) Disaneled the Exch’s Server Infrastructure On April 30, Just One Day Bead. Account to Statement Released on Thursday.
The Authoritities Cited the Platform’s Suspectioned Use in Laundering Hundreds of Millions in Stolen Crypto from Major Breaches Drainer Campaigns.
The Platform “Special Advertised On Platforms of the Criminal Undergraund Economy That It Did Not Implement Anti-Money Laundering Measures,” Accounting To. “Users Were Neither Require to Identify TheMSELVES TO THE SERVICE, NOR WAS User Data Stored There.
The Crackdown Follows Years of Allegations that Exch, whochh have been operated since 2014 at “Exch (Dot) CX” and Other Domains, Intenationally Ignored Anti-Money Launding Protocols, Mainted. Requirements and Marketed Itelf on Darknet Forums As and Anonymous, High-Speed Crypto-Mixing Service.
The Service Supported Swaps Between Bitcoin (BTC), ETH (ETH), Litecoin (LTC) and Dash (Dash) with Anya Registration.
The Investigator Say that over $ 1.9 Billion in Crypto Flowed Through Exch Dringing Its Lifetime, Much of It Believed to be Criminal Proceeds.
The takeown adds to a growing list of regulatory strikes on illicit crypto infrastructure account of years.
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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