💀 Cryptocurrency exchange eXch has announced it will shut down as of May 1 due to all-around pressure from its refusal to cooperate with Bybit and the use of the platform by North Korean hackers to launder $35 million.

Representatives reported that the working environment has become "hostile" due to a lack of understanding of the project's values in the community. By a majority vote, the team decided in favor of discontinuation, noting the THORChain team, which was under similar pressure, in its appeal.

eXch announced the creation of a 50 BTC open source fund to support any FOSS projects.