Exchange eXch denies allegations of helping Lazarus Group hacker team launder money

PANews February 24th news, according to Theblock, the non-KYC centralized exchange eXch denied allegations about its money laundering on behalf of Lazarus Group in a post on the forum. “Having the opposite view is just the point of view of some people who want the interchangeability and on-chain privacy of decentralized currencies to disappear… These people have long hated decentralized cryptocurrencies.”

"Exch[.]cx is a KYC-free exchange with abnormal surge in ETH trading volumes -trading volumes in the past 24 hours were 20,000 ETH, and usually 800 ETH," analyst Vxdb pointed out . "Their bits The currency reserves are also empty, but their ETH reserves have increased by 900%. ”

The eXch team acknowledged that “a small portion of the funds from the ByBit hack ended up in our address” but called the transfer “an isolated case and the only part of our exchange processing.” Later, the eXch team promised to earn money. Donate to “various open source programs dedicated to privacy and security inside and outside the crypto space.”

In another post, the eXch team posted a screenshot showing an email from a Bybit employee asking eXch to block certain wallet addresses marked as receiving stolen funds. The team apparently rejected the request and accused Bybit of damaging its reputation by marking deposits from eXch addresses as "high risk".