If you work in a supermarket and a thief comes and buys something, should the police close the market down and arrest the manager and staff because they allowed a criminal to buy his food there? They should not.
Perfect analogy , eXch certainly
doesn't didn't have control of who comes through their door 🚪

Just so unfortunate that eXch was caught in the crossfire of this whole Bybit saga , and in unfortunate circumstances eX was thrown under the bus & took the hit, but shit happens... hope that partner comes in to fill the void , and hopefully they don't mention their name as they will be moving target's!!
Really, setting up such a service without KYC and at the same time being able to avoid being abused by thieves is not easy. The ideal idea still seems that no one had.
KYC itself won't and would never deter bad player's, because these are willing to go the extra mile just to gain access to such platforms. AFAIK KYC is 50/50.