eXch Crypto Exchange to Cease Operations Amid Bybit Hack Allegations
- eXch will shut down on May 1 following allegations of involvement in the $1.4 billion Bybit hack.
- The exchange is linked to money laundering by North Korea’s Lazarus Group.
- Closure follows an “active transatlantic operation” targeting its infrastructure.
- CEO Johann Roberts cited a DOJ whistleblower as influencing the decision to close.
- eXch processed approximately 90,000 ETH out of the total 401,346 ETH stolen from Bybit.
The eXch crypto exchange announced it will cease operations on May 1 due to accusations of complicity in the $1.4 billion Bybit hack and involvement with North Korea’s Lazarus Group. The exchange admitted processing a minor portion (approximately 90,000 ETH) of the stolen funds, prompting an “active transatlantic operation” against them.
Source (2.6)https://decrypt.co/315331/crypto-exchange-exch-shutting-down-following-links-to-lazarus-bybit-hack?rand=52368
