German Cops Seize €34 Million of Crypto Assets in ‘eXch’ Swoop

German authorities closed down the crypto-swapping service “eXch” located in the nation and seized assets worth €34 million ($38 million).

It’s the third largest seizure of crypto assets in the history of Germany’s federal criminal police office, Frankfurt prosecutors said in a statement on Friday. Dutch officials were also involved in the operation. The assets frozen included Bitcoin, Ether, Litecoin and Dash.

The platform used the domain eXch.cx and various other addresses allowing users to swap various cryptocurrencies. It offered services both in the regular internet and the darknet, advertising specifically on sites of the underground economy that didn’t implement ...