Related: Hacken CEO sees ‘no shift’ in crypto security as April hacks hit $357M“Lazarus Group transferred 5K ETH from the Bybit Hack to a new address and began laundering funds via eXch (a centralized mixer) and bridging funds to Bitcoin via Chainflip,” ZachXBT wrote in a Telegram post on Feb.22.eXch announced termination of services by May 1After initially denying involvement in laundering funds from the Bybit hack, eXch eventually announced it would cease operations by May 1 in a Bitcoin Talk post published in mid-April.“Even though we have been able to operate despite some failed attempts to shut down our infrastructure [...], we don’t see any point in operating in a hostile environment where we are the target of SIGINT [Signals Intelligence] simply because some people misinterpret our goals,” it wrote.
The authorities also seized eXch’s German server infrastructure with extensive over eight terabytes of data and shut down the platform, the announcement added.eXch exchanged crypto without AMLIn the statement, the BKA described eXch as a “swapping” service that allowed users to exchange various crypto assets without implementing Anti-Money Laundering (AML) measures.
Multisig, FixedFloat among laundering casesAccording to a post by crypto sleuth ZachXBT, eXch was also involved in laundering millions of funds from other crypto thefts and exploits, including Multisig, FixedFloat and the $243 million Genesis creditor theft.
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