German Government Shuts Down 47 Exchanges
Germany Shuts Down 47 Crypto Exchanges 'Used For Criminal Purposes'
Germany has shuttered 47 crypto exchanges that it said had links to the "underground economy" and offered unregistered services that had lacking security and anti-money laundering measures.
Germany shuts down 47 crypto exchanges over criminal activities
The exchanges failed to fulfill legal requirements such as conducting verifications like KYC (Know Your Customer).
German Government Seizes 47 Crypto Exchanges for ‘Illegal Activity’
BKA and ZIT retrieved extensive user and transaction data and shut down 47 crypto exchanges for illegal activities.
German Regulators Shut Down 47 Crypto Exchanges in a Wide Crackdown
German regulators have shut down 47 cryptocurrency exchanges, accusing them of maintaining an "underground economy" for cybercriminals.
German Police Seize 47 Crypto Exchanges in Money Laundering Crackdown
German law enforcement agencies have seized 47 cryptocurrency exchange services operating within the country. The Federal Criminal Police Office (BKA), Frankfurt’s main prosecutor’s office, and the country’s office for combating cybercrime jointly announced the operation on September 19, 2024.
German Government Shuts Down 47 Exchanges, Says They're Tied To ‘Illegal Activity’
German authorities shut down dozens of crypto platforms they say were connected to the illicit movement of assets. The exchanges weren't properly
Germany cracks down on 47 crypto exchanges, citing illegal ties
German law enforcement agencies have taken action against 47 cryptocurrency exchange services operating within the country. The agency cited their involvement in facilitating criminal activities. The Bundeskriminalamt (BKA),
Germany shuts down 47 crypto exchanges for hiding funds' origin
Top German criminal and cybersecurity investigators have shut down 47 cryptocurrency exchanges, saying the operations allow for money laundering, they said on Thursday. The operators of the now-shutdown exchange services are accused of deliberately concealing the origin of criminally obtained funds on a large scale by failing to implement legal
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SEC Initiates Legal Action Against Alleged Fraudulent Crypto Exchanges in Landmark Pig Butchering Scam Case
The United States Securities and Exchange Commission (SEC) has launched a groundbreaking legal battle against what it ...
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Dozens of crypto exchanges leveraged for cybercrime sequestered
Xchange.cash was the most significant of the 47 sequestered exchanges, having more than 410,000 users and 1.28 million ...
SEC sues ‘fake’ crypto exchanges in first action on pig butchering scams
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Crypto Exchange BingX Hacked, Onchain Data Shows Over $43M Drained
On-chain data suggests nearly $43 million was stolen from the exchange in multiple tranches, with $13.25 million ether, $2.3 ...
Strengthening Crypto Security: Bybit’s AI Risk Engine Fortifies Hot and Cold Wallets, Screening $1 Billion in Withdrawals in First Half of 2024
Dubai, United Arab Emirates, September 20th, 2024, ChainwireBybit, the world's second-largest cryptocurrency exchange by ...