Crypto exchange eXch denies Bybit laundering accusations
Crypto exchange eXch has denied allegations that it was involved in laundering the funds stolen from Bybit, following claims from several sources.
eXch has denied allegations of laundering funds stolen from Bybit. The initial accusation came from blockchain sleuth ZachXBT on Feb. 22, when he reported in his investigations Telegram group that eXch laundered $35 million of the funds stolen from Bybit. He also noted that 34 Ethereum (ETH) was mistakenly sent to a hot wallet of another exchange during the process.
Aligning with ZachXBT’s claims, Nick Bax of the Security Alliance estimated that eXch processed approximately $30 million in transactions tied to North Korea that…
