Crypto swapper eXch shows signs of life after post-Bybit shutdown

Quick Summary:

That made it an attractive tool for cybercriminals looking to clean stolen assets.“EXch managed to stay active for years — despite facilitating obvious illicit activity — because there’s still a big gap between what regulators ‘can’ do and how fast technology is moving,” Amit Levin, former investigator at Binance, told Cointelegraph.“In today’s world, anyone can launch a smart contract or run a crypto service from anywhere, often without revealing who they are.

It criticized Anti-Money Laundering enforcement and condemned companies offering address risk scoring APIs as “parasites” profiting off government fear.“Service providers in the crypto space are, for the most part, not decentralized; that is, they retain control over or access to customers’ assets, as demonstrated in the case of eXch,” Gal Arad Cohen, partner at S.

When eXch knew and did nothingEXch denied laundering funds for North Korean crypto hackers, and in its shutdown notice, it framed the project as an attempt by privacy enthusiasts to “restore balance” in the industry.

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Article Details

Author / Journalist: Cointelegraph by Yohan Yun

Category: Crypto

Markets: United StatesFranceGermanyNorth KoreaSwitzerland

Topics: Traced Crypto Authorities Platform Funds German Exch Laundering Actors Continued Security

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 08:07:14 (23 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 1021 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 28704298

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