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Exchange aimed at privacy will extinguish operations on May 1. After growing charges that it was used to wash funds stolen in $ 1.5 billion Balit Hack.
At April 17th notice On the Bitcoin Forum, the Exch team, he said that the project became the target of a “transatlantic surgery” with the aim of turning it off and potentially prosecuting key money laundry figures and terrorism.
The Czech exchange, known for minimal customer requirements, emphasized that it was created as a privacy experiment without financial goals. He denied any intention to facilitate illegal activity. Although the exchange is often marked as a “mixer”, the team explained that this is a current exchange aimed at privacy, not a traditional mixer coin.
The team claims that he received intelligence from contacts in the “State Intelligence Sector”, which confirmed his involvement in current investigations related to the washing of the crypto property.
The exchange has previously denied charges of washing funds from Bybit Hack, initially rejecting reports that it has helped Lazarus to the North Korea group. However, he later acknowledged the processing of a “small part” of hacked funds.
Blockchain analytical companies such as Elliptic and TRM Labs marked the exchange as a key center in the washing process. After exploiting ~ 401,000 Ethereum (ETH) from a cold wallet on February 21, the Lazarus group used a network of decentralized exchange, bridges of cross chains and privacy tools, including exchange, to hide the origin of stolen property.
In her exclusion notification, the exchange criticized centralized exchange for what he called “meaningless policies” that failed to significantly stop washing money. He again confirmed his mission to the user’s privacy defense and announced 50 Bitcoin (BTC) Fund to support projects to improve open sources in Bitcoin and Ethereum Ecosystems.
Despite its closure, the exchange warned that the exclusion of its platform would not eliminate illegal activity in cryptocurrencies. “The goal of stopping exchange under the belief that it can stop all the money laundering in the world is funny,” the statement said.
The API API will remain available to partners with a limited time, while the arrival managerial team determines the final transition of the platform. “Privacy is not a crime,” the announcement concludes.
