eXch emphasised that it never intended to enable illicit activities and said it was shutting down to avoid being wrongly criminalised for its privacy-oriented design

Quotes that support claims

The goals we certainly never had in mind were to enable illicit activities such as money laundering or terrorism, as we are being accused of now.

We also have absolutely no motivation to operate a project where we are viewed as criminals. This doesn't make any sense to us.