eXch, a crypto exchange known for facilitating illicit activities, was shut down by German authorities in April. Despite its closure, reports suggest that the platform may have continued to operate in stealth mode. The platform, which catered to cybercriminals and bad actors, faced scrutiny after being used by the Lazarus Group to launder stolen funds. Following its shutdown, eXch attempted to rebrand and serve a select few partners via API. The platform's complex operational structure, spanning multiple countries, made it challenging for authorities to fully dismantle. While the future of eXch remains uncertain, concerns linger about the potential resurgence of similar platforms catering to criminal activities in the crypto space. The closure of eXch highlights the ongoing challenges faced by regulators in combating illicit activities in the rapidly evolving crypto landscape. Read more AI-generated news on: https://app.chaingpt.org/news