Crypto Exchange eXch Denies Money Laundering Allegations After Bybit Hack

Quick Summary:

Non-KYC crypto exchange eXch has denied accusations of laundering funds from the $1.4 billion Bybit hack, despite blockchain analysts linking stolen assets to its platform.

While eXch admitted that some funds from the hack were processed, it insisted the case was “isolated.

Meanwhile, Bybit has managed to freeze over $42 million in stolen assets through coordinated efforts.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab EmiratesNorth Korea

Topics: ETH Bybit Lazarus Group Market Updates Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 07:12:07 (15 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 26372510

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 26 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #125

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