<ul><li>Cryptocurrency exchange eXch will officially cease operations on May 1 following allegations of money laundering tied to the Bybit hack.</li><li>The decision to shut down was made due to increasing pressure from authorities and internal consensus among the leadership team.</li><li>eXch was accused of facilitating the laundering of approximately $35 million by North Korea's Lazarus Group, part of the $1.4 billion stolen in the Bybit hack.</li><li>Crypto trading volumes dropped 16.3% in Q1 2025, with Bybit experiencing the sharpest decline following the hack.</li></ul>

Crypto Exchange eXch To Shut Down Amid Allegations Tied To Bybit Hack

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