Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, German authorities seized $38 million of digital assets from an exchange linked to the Bybit hack in February, US Securities and Exchange Commission Commissioner Caroline Crenshaw blasted a settlement agreement between the SEC and Ripple, which she says could erode SEC lawyers’ credibility in the court, and Democrats in the US block the GENIUS stablecoin bill from advancing.
German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack.
The seizure, announced on May 9 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office, involved multiple crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dash (DASH). The move marks the third-largest crypto confiscation in the BKA’s history.
