CRIPTO MIXER EXC to close in the middle of used wash wash

Exchange Change Change ContiFused Confused will turn off operations 1. May after growing allegations that were used to wash funds stolen in the amount of $ 1.5 billion.

At 17 April notice At the Bitcoin Forum, the EXCH’s team said that the project became the target “Transatlantic operations” that aims to exclude and potentially process key figures for washing and terrorism of money.

Czech exchange, known for the minimum requirements of your client, emphasized that it was created as a privacy experiment without financial goals. She refused any intention to facilitate illegal activity. Although the EXCH is often marked “Mixer”, it explained that it was an insensic exchange directed to privacy, not a traditional coin mixer.

The team claims that he received intelligence from contacts in the “state intelligence sector” who confirmed his inclusion During the investigation related to washing of cryptian property.

The stock market previously denied charges of washing funds from Bibit hackInitially, he rejects reports that she had Lazarus Group Lazar North Korea. However, he later admitted that the processing of the “small part of” hacking funds.

Blockechain Analytics Firms such as elliptic and trm laboratory flags as a key hub in wash wash The process. Following 21. February, exploitation that drained ~ 401,000 Etherem (El) From Bibit’s Cold Wallet, Lazarus Group used web decentralized exchange, bridges for cross-chains and privacy tools, including excess, to hide the origin of stolen property.

In its notification for switching off, EXCH criticized centralized exchanges for what is called “meaningless policies” that does not meaningfully cease money laundering. Re-confirmed his mission to defend the user’s privacy and announced 50 Bitcoin (Btc) Fund for Support Projects of Open Code Improvement in Bitcoin and Etherum Ecosystems.

Despite its closure, the EXVER WARNED that the shutdown of its platform would not elicate illegal activity in the CRIPTO. “The goal of stopping EXCH under belief that it can stop all money laundering in the world is funny,” the statement reads.

The Eksch’s API will remain available to partners for a limited time, while the incoming managerial team determines the final transition of the platform. “Privacy is not a crime”, the announcement is concluded.