eXch crypto exchange will shut down operations on May 1 following links to the $1.4 billion Bybit hack and an “active transatlantic operation,” the team said Thursday.
eXch is a privacy-focused crypto exchange known for operating without typical KYC, or know-your-customer) requirementsThe closure comes amid mounting allegations that eXch was complicit in the $1.4 billion Bybit hack in February, allegedly facilitating money laundered by North Korea’s Lazarus hacker ring.
The exchange cited an “active transatlantic operation” targeting its infrastructure and potentially pursuing money laundering and terrorism charges against its team, according to an April 17 announcement.
eXch CEO Johann Roberts told Decrypt said the decision to shut down…
Apr 19 2025
