This is actually the most worrisome part and essentially the center of the question. The reaction toward exch, given the minuscule amount of money allegedly passed through their system (26 million out of 1,400 million total)is disproportionate.
The European governments have become hysterical about crypto in recent years, to the point that they want to ban its pseudonymous usage completely, thereby copying China. You can tell this is the case here by the fact that not a single US agency is listed in the seized banner. I usually see FBI, and DoJ in these things. There is not so much as a press release from those websites.