<ul><li>eXch, a cryptocurrency mixing service, has announced its permanent shutdown after being suspected of being involved in money laundering activities related to the stolen funds from the recent Bybit hack.</li><li>Blockchain investigators have traced the movement of the stolen funds to wallets that were interacting with eXch's mixing service, raising concerns about the privacy and anonymity offered by such services.</li><li>The incident highlights the growing pressure on crypto mixers as forensic tools become more advanced, making it increasingly difficult to conceal the origin and movement of illicitly obtained funds.</li><li>Regulatory agencies and law enforcement are focusing their efforts on cracking down on privacy-focused services, like eXch, due to their repeated utilization for money laundering and other illicit activities.</li></ul>

Crypto Mixer eXch Shuts Down After Suspected Involvement in Bybit Hack Fund Laundering

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