eXch announced shutting down May 1, 2025, over $35 million laundering allegations tied to the Bybit hack

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eXch announced it will shut down on May 1, 2025, citing allegations it was used by North Korea’s Lazarus Group to launder $35 million in crypto stolen from the $1.4 billion Bybit hack.

Event date

Apr 17, 2025 - 11:00am

Quotes that support claims

Cryptocurrency exchange eXch announced it will cease operations on May 1 after reports alleged the firm was used to launder funds from a Bybit hack

Crypto exchange eXch said it will close down on May 1, after it learned that there is a "transatlantic operation" to prosecute the project for money laundering and terrorism

eXch crypto exchange will shut down operations on May 1 following links to the $1.4 billion Bybit hack and an "active transatlantic operation," the team said Thursday

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Week 16 of 2025