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Germany seized 47 cryptocurrency exchanges used by ransomware groups

German authorities have seized 47 cryptocurrency exchanges that were allegedly used to launder funds stolen by ransomware groups. Exchanges did not require KYC, allowing customers to remain anonymous throughout their transactions.

The websites for these exchanges now display notices announcing a law enforcement operation called “Operation Final Exchange.” The page tells visitors “This was your final exchange!”, and in a letter to “ransomware affiliates, botnet operators and darknet sellers,” warns that authorities are now working to track down illegal users of the exchange.

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