The cryptocurrency exchange eXch has announced its closure, effective May 1, 2025. This decision follows serious allegations that link the platform to money laundering activities potentially involving North Korea’s notorious Lazarus Group. eXch cites a hostile and unfair operational environment as the catalyst for their departure. While specific details remain unclear, accusations include involvement in $35 million laundered funds linked to Bybit’s recent major exploit. The exchange also expresses frustration with what it calls SIGINT targeting stemming from misinterpretations of its own goals regarding user privacy. This closure adds weight to the ongoing challenges within the volatile cryptocurrency market.