eXch Shutting Down Amid Money Laundering Allegations from Bybit Hack

Crypto exchange eXch will cease operations on May 1 following allegations of involvement in laundering funds tied to the $1.4 billion Bybit hack. The platform confirmed it’s shutting down amid pressure from authorities and cybersecurity agencies, admitting to processing a small portion of the stolen assets. eXch cited ongoing intelligence targeting and operational pressures as the driving force behind this decision.