According to MistTrack_io, on April 30, German law enforcement agencies including the Frankfurt am Main Public Prosecutor's Office and the Federal Criminal Police Office (BKA) seized 34 million euros and the infrastructure of the eXch crypto platform. This significant action, as reported by MistTrack_io, highlights heightened regulatory scrutiny on crypto exchanges in Germany and raises immediate concerns about fund security for users on similar platforms. Traders should closely monitor regulatory developments and potential impacts on liquidity and trading volumes for affected coins and tokens. Source: MistTrack_io Twitter, May 9, 2025.

According to BitMEX Research, the judges' concerns regarding the 360x were the primary reason for filing a strikeout application, as the classification of Class B was not tied to any established legal principle (source: BitMEX Research, May 8, 2025). For cryptocurrency market participants, this ongoing legal uncertainty around exchange classifications could impact regulatory risk assessments and trading strategies, especially for platforms or tokens with similar legal ambiguities.