September 19, 2024
946
2 minutes of reading

German Authorities Seize Servers from Nearly 50 Crypto Exchanges

During the operation, servers from several Russian-language services were also seized. Authorities are launching cybercrime investigations using the collected user data.

Confiscation of Servers

Confiscation of hardware from cryptocurrency exchangers in Germany

Germany’s Federal Criminal Police Office has reported the confiscation of servers from 47 cryptocurrency exchanges. Law enforcement officials gained access to user data, including transaction records, IP addresses, and registration information. This data is set to be actively used in cybercrime investigations.

Anyone attempting to visit these exchange websites is now greeted with a grim message:

«That was your last exchange. Both backup and operational servers are now in our possession, along with your information, including IP addresses, transaction history, and registration details. From now on, we’re tracking you down — see you soon, offline».

All of these exchanges claimed to be «anonymous» and authorities believe that users were involved in money laundering operations. Exchange owners had assured clients that the location of their servers was undiscoverable and that no customer data was stored on them. As it turns out, this was far from the truth.

Clients using the BitHide business crypto wallet will never find themselves in such an unpleasant situation, and here’s why:

  • Dark Wing technology reliably hides the real IP address of the wallet. Using both Tor and VPN simultaneously, the IP address is changed three times before reaching the node, making it nearly impossible to track the real address.
  • The wallet’s software is installed on the client’s own server, meaning the user decides where it is safest to host their data.
  • The entire history of wallet usage is encrypted with a unique 512-bit key. As of today, there is no technology capable of breaking this encryption.

Use reliable products for managing cryptocurrency to ensure the safety of your assets and protect your privacy.

BitHide Team

Rating of this article

1 voice. Rating 5 / 5
  1. 5
  2. 4
  3. 3
  4. 2
  5. 1

Page Contents

Top articles

October 16, 2024
Articles
What is a Withdrawal Address?
We explain the key features of cryptocurrency addresses.
Read more
September 14, 2023
Articles
Hot wallets vs. cold wallets: What is the difference, and which is safer?
Discover the key differences between hot and cold wallets for cryptocurrency storage. Learn how each type ensures the...
Read more
October 3, 2024
Articles
How Long Does an Ethereum Transaction Take?
What factors influence the confirmation speed of transactions in the Ethereum network?
Read more
May 2, 2024
Articles
Payment gateway: selection and selection criteria
Discover the essential criteria for selecting the perfect payment gateway. Learn about security, costs, features, and compatibility to...
Read more
December 6, 2024
Articles
Everything About BitHide API: Connect Your Crypto Wallet Today
What is cryptocurrency wallet API integration and why is it important for your business?
Read more

Relatedarticles

May 30, 2025
Articles
BitHide x SiGMA Asia 2025 — See You in Manila
The BitHide team is heading to SiGMA Asia 2025
Read more
coinbase-hack-2025
May 29, 2025
Articles
The Coinbase Hack: Full Details and What It Means for Businesses
Coinbase data breach: what you need to know
Read more
May 22, 2025
Articles
Mastercard’s Crypto Payments: Partnerships with OKX, MoonPay and Kraken
How Mastercard is expanding its crypto ecosystem and what it means for businesses worldwide.
Read more
SEE MORE

Got a question?

Ask them in the feedback form. A BitHide specialist will get back to you as soon as possible.