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Crypto Exchange eXch Denies Laundering Bybit Hack Funds for Lazarus Group
The world of cryptocurrency has been left reeling after the massive $1.4 billion heist on Bybit, with fingers now pointing towards North Korea’s notorious Lazarus Group as the prime suspects. Amidst this chaos, another major player in the crypto space, eXch, has come under scrutiny, with allegations suggesting that it is laundering funds from the hack on behalf of the alleged perpetrators.
However, eXch has vehemently denied these claims, stating that they are nothing more than a “targeted FUD attack” and not linked to their platform. According to an official statement posted on Bitcointalk forum, the exchange confirmed that a small portion of the stolen funds did enter their system but reassured users that it was an isolated incident.
In response to these claims, eXch also took aim at blockchain investigator ZachXBT, labeling his statements as unfounded and advising the community to verify information from credible sources rather than relying on amateur researchers. The exchange’s position has now placed them firmly in the crosshairs of the crypto community.
The Bybit hack has raised significant concerns about the security of centralized exchanges and their role in the laundering of stolen funds, with many calling for increased transparency and regulatory oversight.
Source: https://cryptopotato.com/crypto-exchange-exch-denies-laundering-bybit-hack-funds-for-lazarus-group/
