To users of the recently dismantled cryptocurrency exchange,
*****This message is issued by the Dutch Fiscal Information and Investigation Service (FIOD) and the Bundeskriminalambt (BKA).
The service has been taken offline as part of our enforcement action.
We are actively investigating individuals involved in money laundering and other illegal activities through this swap service.
Some question actions from law enforcement regarding crypto services. We want to make one thing clear: this action is not an attack on privacy. We respect the right to privacy and recognize its importance in the digital age. However, when services are heavily abused to commit crime, we will act.
We urge everyone involved in illicit activity to cease immediately. The legal consequences can be serious. Our mission is to protect the integrity of the financial system and hold those who exploit it accountable.
Privacy is not the problem - criminal misuse is.
Sincerely,
FIOD and BKA
https://www.bka.de/SharedDocs/Kurzmeldungen/DE/Kurzmeldungen/250509_eXch_abgeschaltet.htmlhttps://www.fiod.nl/bka-and-fiod-shut-down-cryptocurrency-swap-service-exch-e-34-million-in-cryptocurrency-has-been-seized-during-the-operation/Dear FIOD and BKA,
I happened to come across this piece of news and your post, though I don’t usually frequent forums – unlike, I imagine, most of us professionals. I’m curious, who exactly are you trying to scare, and what message are you trying to send here? I’ve never used that obscure exchange – it simply doesn’t have the liquidity for the volumes I work with. Cryptocurrencies, frankly, are far from the ideal solution for such activities. In your countries, however, I preferred – and still prefer – to work with ABN Amro and Deutsche Bank.
I assume you’ll understand the necessity of working with reliable institutions – after all, we professionals take our business quite seriously, don’t we?
Best regards,
Max Witwasser
Professional in the Field