Crypto Crackdown: Germany Authority Closed 47 Crypto Exchanges Used by Ransomware Gangs

German authorities seized 47 cryptocurrency exchange platforms helping criminals, including ransomware gangs, to launder money. These exchanges let users trade cryptocurrencies without following the “Know Your Customer” (KYC) rules, allowing them to remain anonymous during transactions. This anonymity made it easier for cybercriminals to hide their illegal profits. Law Enforcement’s Major... source: https://coinpedia.org/news/crypto-crackdown-germany-authority-closed-47-crypto-exchanges-used-by-ransomware-gangs/