Post
Topic
Board Service Discussion
Re: is exch.cx safe?
by
Sekhmet_
on 27/02/2025, 13:52:31 UTC
unnecessary FUD

Let's say you're not just a competitor trying to spread FUD and damage eXch's reputation:

1. I don't see eXch's address mentioned in the FBI alert.
2. I don't see eXch's name there either.

Secondly, don't you think that the ONLY people responsible for this entire situation are Bybit, who were unable to protect their funds? Why not spending your energy blaming those who deserve to be blamed?

At the moment, I'm inclined to believe that eXch has provided some good explanations, as can be found in this article: https://decrypt.co/307430/bybit-funds-on-the-move-could-be-headed-for-bitcoin-mixers-next-elliptic

Quote
In a statement to Decrypt, eXch acknowledged that it had received a request from Bybit to blacklist some addresses, and that, "There were indeed some deposits processed by us, which was vastly a minor part of the total amount of stolen 90000 ETH." The exchange explained that "our AML screening provider, which is a third-party service, had outdated data on the ByBit exploiter addresses for approximately around 12 hours."

eXch went on to argue that this was as a result of Elliptic having refused it as a customer "due to the fact that we are a non-KYC accountless exchange aiming to preserve privacy of our users," accusing the tracking firm of having "elitist policies." The exchange further claimed that it had "implemented comprehensive measures to actively combat money laundering and terrorism financing."

Quote from: Not ZachXBT
Bybit has created a new website where eXch is the only service listed in the Bad Actors category. According to this website, nearly $100 million from this hack has been laundered through eXch.
https://www.lazarusbounty.com/en/detail?entity=eXch

Lmao, this very link tells us that ChangeNOW is a "good actor", it speaks for itself, we can't take this team seriously, they'd do better to use their bounty money to improve their safety and train their team to be at least a little more competent (or less incompetent if you prefer)...

Funny, your name is "Not ZachXBT" but you seem to share the same amateurism as he does, and the same frustration against a non-KYC exchange that respects its users security and privacy.
All those twitter whitehats who supposedly work for the “security” of users are just waging a war of disinformation against the ONLY ones that have never posed a security problem for their users, pretty strange... Isn't it?
Continue to pick up the bounty crumbs, but leave alone those who have never needed to organize a bounty hoping to get back their users funds.