German authorities have confiscated approximately 34 million euros ($38.2 million) in crypto assets from eXch, a defunct crypto swapping platform known for its lack of anti-money laundering and KYC measures. The seizure, which included Bitcoin, Ether, Litecoin, and Dash, along with over 8 terabytes of data and server infrastructure, is linked to suspicions of commercial money laundering and operation of a criminal trading platform. eXch, operational since 2014, enabled anonymous crypto transactions and is implicated in laundering part of the crypto stolen by the North Korean hacker group Lazarus.