🔴 The eXch Exchange is closing after the scandal involving Lazarus and $1.4 billion
⛔️ The eXch cryptocurrency exchange announced its complete shutdown on May 1. The reason is an investigation into the laundering of $1.4 billion linked to the Bybit hack.
• According to the investigation, funds stolen by the North Korean hacking group Lazarus passed through the platform
• The exchange stated that it "was not aware of the origin of the assets," but the investigation is already under the jurisdiction of the USA, South Korea, and Singapore
• Users can withdraw their funds until the end of April — after that, the interface will be disabled
Historical fact: the Lazarus group regularly appears in the largest crypto hacks, including attacks on Ronin, Coincheck, and Atomic Wallet.
📉 The market reacted moderately — there is almost no impact on top assets recorded.
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