đ¨ **Crypto Crackdown in Germany!** đ¨
- **47 Crypto Exchanges Shut Down**: German authorities have dismantled 47 cryptocurrency exchange services in a major crackdown on illegal money laundering activities.
- **Operation Details**: Led by the Federal Criminal Police Office and the Central Office for Combating Internet Crime, the operation targeted platforms bypassing "know-your-customer" (KYC) protocols, allowing anonymous transactions.
- **Seized Assets**: Authorities confiscated 13 crypto ATMs and nearly $28 million in cash from 35 locations nationwide.
- **Impact on Cybercrime**: This move aims to disrupt the infrastructure supporting cybercrime, with secured user and transaction data aiding future investigations.
đŹ **What are your thoughts on this crackdown? Share in the comments!**
