And if they did… does that mean we should use them less, or MORE?


In late February, the crypto exchange Bybit was hacked, allegedly by the North Korean based “Lazarus Group“. The result was the loss of roughly 400,000 Ethereum (ETH)… $1.5 billion in assets… in the largest cryptocurrency theft on record. A hot topic inside crypto circles since has been, did eXch launder stolen crypto for the theives?

Since the breach, authorities and blockchain analysts alike have been engaged in a high-stakes game of cat and mouse, attempting to track and freeze the stolen funds. Experts say the hackers are highly sophisticated, operating 24/7 in what is believed to be a state-backed effort to fund North Korea’s military and nuclear programs.

“Every minute matters for the hackers who are trying to confuse the money trail,” said Dr. Tom Robinson, co-founder of crypto investigation firm Elliptic. He noted that North Korea is the most advanced player when it comes to laundering stolen digital assets.

What is eXch, and What Was Their Role in This?

Read the rest of the article (no paywal): https://monero.forex/did-exch-launder-stolen-crypto-from-the-bybit-hack/