47 Crypto Platforms Shut Down in Germany! đš
- The Federal Criminal Police Office (BKA) and the Frankfurt Public Prosecutor's Office have shut down 47 crypto exchanges.
- These exchanges are accused of involvement in criminal activities such as money laundering.
- The platforms that were shut down include Xchange.cash, 60cek.org and Baksman.com.
- The exchanges did not fulfill customer identity verification (KYC) requirements.
- Some customer and transaction data was compromised.
- Authorities stated that it was difficult to prosecute the criminals because they were located abroad.
Share your thoughts in the comments! đŹ
