Crypto mixer eXch to close amid Bybit hack laundering link
Privacy-focused exchange eXch will shut down operations on May 1 following rising allegations that it was used to launder funds stolen in the $1.5 billion Bybit hack.
In an Apr. 17 notice on the Bitcoin Forum, eXch’s team said the project had become the target of a “transatlantic operation” aiming to shut it down and potentially prosecute key figures for money laundering and terrorism.
The Czech-based exchange, known for minimal know-your-customer requirements, stressed that it was created as a privacy experiment with no financial goals. It denied any intent to facilitate illicit activity. While eXch has often been labeled a “mixer,” the team clarified that it is a privacy-focused instant exchange, not a…
