eXch Shuts Down Amidst Laundering Allegations, Following Bybit Hack Impact

Privacy-focused cryptocurrency exchange eXch has announced its planned closure of operations effective May 1st following international scrutiny and accusations of aiding the laundering of funds connected to the February Bybit hack. The company cited an “active transatlantic operation” targeting it with criminal charges as a reason for ceasing operations, claiming this hostile environment pushed them to withdraw rather than continue facing potential legal action.