Post
Topic
Board Nigeria (Naija)
Re: eXch will close down on May 1
by
Moreno233
on 18/04/2025, 11:01:18 UTC
Do not be surprised if you do not see the site accessible on May 1. You can see their announcement here on this forum on their service thread: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20

Know that Lazarus group has been a threat to everyone even to sites that have signature campaign on this forum. Remember they were responsible for for Sinbad shutdown and now responsible for the shutdown of eXch. eXch was reported to have been used by Lazarus group in laundering $35 million worth of coins from the $1.4 billion Bybit hack. eXch said only little amount worth of coins is linked to Lazarus group.

Be it linked to the hack or not, or maybe the coin that eXch processed for the hackers is not up to the investigated amount, we just know that Lazarus group is responsible for what that happened.
I feel bad at the measures they have taken against eXch which I consider not fair. If hackers are able to exploit Bybit that is KYC compliant and regulated, the burden should be on Bybit and not other party running their business and have no connection to the hackers. Why not hold Bybit responsible because it is their duty to protect the funds of users in their custody? If someone steels money from the bank and decided to use it to buy biscuit in my shop, they are saying that I will be held responsible for the theft and not the bank that are supposed to protect funds in their custody. I know the authorities are just using this excuse to target privacy once again. They hate anything privacy related because even without eXch and other privacy infrastructure, money laundering, terrorism financing, drug trades and even human trafficking and children ponography still happens and will always happen through the conventional payment system and the same authorities will never go after the payment systems. I feel so bad seeing how everything that represent privacy is being targeted. Theymos indeed did very well to have banned mixers until the fight slows down to protect the forum.