Crypto Exchange eXch to Shut Down After Links to Hack Uncovered – The Shib Daily
Cryptocurrency exchange eXch has revealed plans to cease activities on May 1 amidst growing allegations that it facilitated the laundering of funds linked to the recent $1.4 billion hack of Bybit.
In an official statement released on April 17, the crypto exchange announced that its management team had voted overwhelmingly to “cease and retreat” in light of allegations connecting the platform to the laundering of approximately $35 million from the recent Bybit hack.
Reports suggest that North Korea’s Lazarus Group, allegedly involved in the exploit, used eXch for the transaction. The exchange also revealed it is under investigation as part of an “active transatlantic operation” aimed at shutting it down and…
