By the way, it's also very strange that eXch just got seized. They closed their website a few days ago, they even announced that they were going to close it but now they got seized. What was going on? Did someone launder money through eXch, they got contacted by authorities and they turned a blind eye?
After Bybit got hacked, the exchange contacted eXch and asked them to confiscate all money that gets deposited on eXch from a number of addresses where the hacker sent the stolen funds to. eXch responded to that request by asking why they would help a service that has done everything they could in the past to undermine eXch and their business. A small part of the stolen money was eventually swapped via eXch and the exchange didn't do anything. Private on-chain "investigators" together with Bybit then did everything to portray eXch as criminals and money launderers. The result, as you can see, is them shutting down their operations and also getting a part of it confiscated by law enforcement in the EU.
Can you give me a link of article or any info about Bybit trying to undermine eXch? I didn't know about their beef.
By the way, what is this Lazarus Group? They hack every exchange, they steal every cryptocurrency, they always launder money through every crypto exchange. Who are they? How are they so powerful? Let's say that they laundered money through an exchange, that money has to be converted into fiat, right? Where do they convert it into fiat? Didn't they get caught in convertation?
That is irrelevant, because tens of thousands of scammers abuse websites on their own to create light or moderate abuse.
Multiply all that abuse by the number of scammers, and it's an order of magnitude larger than whatever happened at eXch or any single service.
But nobody cares about all that scamming, because it is more rewarding for them to seize individual sites than to take action against scamming as a whole. The most I have ever seen an agency do about phishing is put up a notice warning people not to get phished.
It's easier to fight one strong opponent instead of hundred of different ones.