Germany Shuts Down 47 Crypto Exchanges in Major Cybercrime Bust

German authorities have shut down 47 crypto exchange services that facilitated anonymous transactions for cybercriminals.

These platforms bypassed identity verification, allowing criminals to trade digital currencies without oversight. The operation is part of broader efforts to disrupt cybercrime, including past takedowns of major networks like Chipmixer. Authorities have seized user and transaction data from the platforms and will continue investigations to uncover further illicit activity.

Clever Robot News Desk 21^th September 2024