Krutika Adani
The German govt has decided to shut down 47 crypto exchanges after they were found to knowingly collaborate with a banned entity.
The decision was made after several searches and investigations on their websites, main production servers, backup servers, transactions, IP addresses, and much more.
The authorities also put a notice for these criminals, which read: “Our search for traces begins. See you soon.”
The exchange list has been made public. Some of the banned exchanges were Xchange.cash, 60cex.org, Baksman.com, and 4ange.me.
Xchange.cash, one of the oldest exchanges with 410k registered users, was also a part of this ban. The exchange has been in operation since 2012.