"Germany Seizes 47 Crypto Exchanges Used by Ransomware Gangs"

German authorities seized 47 cryptocurrency exchange services hosted in the country, which facilitated ransomware groups' illegal money laundering activities. The platforms enabled users to exchange cryptocurrencies without complying with applicable "Know Your Customer" regulations, ensuring that users remained completely anonymous during transactions. This created a low-risk environment where cybercriminals could launder their proceeds without fear of being prosecuted or tracked. This article continues to discuss the seizure of 47 cryptocurrency exchanges used by ransomware groups.

BleepingComputer reports "Germany Seizes 47 Crypto Exchanges Used by Ransomware Gangs"

Submitted by grigby1