It took me a while, but eventually, I too came to the realization that, in hindsight, the eXch service was indeed absolutely unethical. Many will disagree, but there is just no point in denying it. You cannot provide such an exceptional service and then vanish into oblivion. I have tested a few other services – none came close in terms of service, credibility, or trustworthiness. Shame on you! You spoiled us.
I also find many posts in this thread irritating. How often do we need to remind you that you are not entitled to privacy? KYC is just for your own good. Forcing an exchange to shut down over a handful of malicious actors is a classic move in our book. It is not as if an entire population has not been nuked twice over their regime. Gotta love collective punishment!
Is that the reason Lazarus group was successfully also able to launder almost the same amount (that put exch into trouble) through OKX aggregator?
Also know that there are still other exchanges that are not requiring KYC.
With almost everything about fiat that has KYC, did you know that United Nations Office on Drugs and Crime (UNODC) estimates that up to $5.54 trillion was laundered in 2024? That is around 5% of global GDP.
Money laundering remains one of the most pervasive financial crimes worldwide, enabling criminal organizations to legitimize illicit funds. According to estimates from the United Nations Office on Drugs and Crime (UNODC), around 2% to 5% of the world’s GDP is laundered each year. In 2024, this equated to a staggering USD 2.22 trillion to USD 5.54 trillion flowing through the global financial system undetected. Despite aggressive regulatory measures, law enforcement agencies recover only a small fraction of these illicit transactions.