💀 The cryptocurrency exchange eXch has announced that it will close on May 1 due to widespread 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 work environment has become "hostile" due to the lack of understanding of the project's values within the community. By majority vote, the team decided to discontinue the project, mentioning the team from THORChain, which also faced similar pressure, in their statement.

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

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