Cryptocurrency exchange eXch has announced its closure effective May 1st after being implicated in a money laundering scheme linked to the Bybit hack. The exchange cites ongoing legal threats and pressure from authorities for its decision to cease operations. Reports indicate that North Korean hackers, believed to be associated with the Lazarus Group, allegedly used eXch to launder approximately $35 million of the stolen funds from the $1.4 billion exploit on Bybit. eXch management team confirmed they voted to “cease and retreat” in response to these allegations, citing a hostile environment where they were targeted through SIGINT (Signals Intelligence) operations aimed at shutting down their platform and potentially pursuing legal action. eXch previously denied allegations of involvement in the laundering, but admitted processing an