Quote from: _act_ on May 09, 2025, 04:56:14 PM

Quote from: Trêvoid on May 09, 2025, 06:18:27 AM

It's truly sad to see exch.net, a pioneer in privacy-focused instant crypto exchanges, seized and shut down despite its important role in advancing anonymous transactions.

The law enforcement seized $38 million from exch and it was said to be connected to the Bybit hack. That means exch received the coins from the North Korean hackers but not did not process the transaction and hold it? Or the is just a lie from the prosecutors by seizing the coins from the exchange because we know that the exchange is having money on its own.

North Korea Lazarus Group used a variety of laundering techniques, including sending stolen funds through numerous wallets, moving assets across blockchains, and using services like eXch to swap and anonymize the crypto.

Ref:
(https://www.elliptic.co/blog/bybit-hack-largest-in-history)
(https://www.chainalysis.com/blog/bybit-exchange-hack-february-2025-crypto-security-dprk)

Looks to me they did processed that funds.