{"id":14782,"date":"2025-02-24T22:01:48","date_gmt":"2025-02-24T22:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14782"},"modified":"2025-02-24T22:01:48","modified_gmt":"2025-02-24T22:01:48","slug":"non-kyc-crypto-exchange-exch-denies-allegations-of-laundering-bybit-hack-funds-for-lazarus-group","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14782","title":{"rendered":"Non-KYC Crypto Exchange eXch Denies Allegations Of Laundering Bybit Hack Funds For Lazarus Group"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">The non-KYC centralized exchange eXch has <a href=\"https:\/\/bitcointalk.org\/index.php?topic=577207.1300\" target=\"_blank\" rel=\"nofollow\">strongly denied<\/a> allegations of laundering stolen funds from the historic Bybit hack on behalf of the notorious Lazarus Group.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The accusations, which have been widely discussed across social media and blockchain investigation forums, claim that eXch processed millions of dollars in stolen funds tied to the North Korean hacking collective.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In response to these accusations, eXch issued an official statement on 23 February 2025. The exchange has labeled these claims as baseless and part of a targeted \u201cFUD attack.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe are not laundering money for Lazarus\/DPRK,\u201d said eXch.\u00a0<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/self-custody-explodes-after-bybit-hack-best-wallet-slams-10-5m-raised-in-best-ico\/\" rel=\"bookmark\">Self-Custody Explodes After ByBit Hack: Best Wallet Slams $10.5M Raised in $BEST ICO<\/a><\/strong><\/p>\n<h2>Bybit Suffers Loss Of $1.5 billion In Crypto Hack<\/h2>\n<p><span style=\"font-weight: 400\">The Bybit hack has now been confirmed as the largest cryptocurrency theft in history, with attackers stealing over $1.4 billion after compromising the exchange\u2019s Ethereum multisig cold wallet. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The scale of this incident has sent shockwaves through the industry, raising concerns about security vulnerabilities and risk management practices at major exchanges.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Binance founder Changpeng Zhao weighed in on the situation shortly after news of the hack broke. <\/span><\/p>\n<p><span style=\"font-weight: 400\">In a 21 February 2025 post on X (formerly Twitter), Zhao suggested temporarily halting all withdrawals as a precautionary measure to ensure system integrity.<\/span><\/p>\n<p><span style=\"font-weight: 400\">He commented,<\/span><span style=\"font-weight: 400\">\u00a0\u201cNot an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck!\u201d<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/wallets\/best-web3-wallets\/\">Top Web3 Wallets You Can Trust in 2025<\/a><\/strong><\/p>\n<h2><strong>Allegations Of Laundering $30 Million Linked To Lazarus Group<\/strong><\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">eXch Refuses to Cooperate After Being Linked to North Korean Hackers <\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f449.png\" alt=\"\ud83d\udc49\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/twitter.com\/Bybit_Official?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Bybit_Official<\/a> request for assistance was rejected by eXch, the coin mixer used by North Korean hackers. <\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f449.png\" alt=\"\ud83d\udc49\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/twitter.com\/SlowMist_Team?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@SlowMist_Team<\/a> warns that eXch has been involved in multiple security breaches, even exposing\u2026 <a href=\"https:\/\/t.co\/Pn9pcGLhdx\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Pn9pcGLhdx<\/a><\/p>\n<p>\u2014 Crypto luffy (@CryptoLuffy007) <a href=\"https:\/\/twitter.com\/CryptoLuffy007\/status\/1893596474426220811?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 23, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The controversy began when prominent blockchain investigator ZachXBT alleged in a Telegram post that eXch had processed $35 million worth of stolen funds from the Bybit hack. <\/span><span style=\"font-weight: 400\">He also claimed that the exchange mistakenly sent 34 ETH (approximately $96,000) to another exchange\u2019s hot wallet. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Other blockchain analysts and security firm SlowMist corroborated these allegations. He said that eXch received Ethereum (ETH) from wallets associated with the Bybit exploit.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nick Bax, a member of the Security Alliance white hat hacker group, further estimated that eXch handled approximately $30 million in funds linked to North Korea on the same day. Furthermore, a\u00a0 portion of the stolen ETH was converted into other crypto on eXch\u2019s platform.<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/price-predictions\/internet-computer-icp\/\">Internet Computer (ICP) Price Prediction 2025-2030<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <\/li>\n<p><\/span><span style=\"font-weight: 400\">The Bybit hack has now been confirmed as the largest cryptocurrency theft in history, with attackers stealing over $1.4 billion after compromising the exchange\u2019s Ethereum multisig cold wallet.<\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n            <\/li>\n<p>     <\/span><span style=\"font-weight: 400\">While eXch has denied any wrongdoing, its acknowledgment that some stolen funds entered its platform highlights the challenges non-KYC exchanges face in preventing illicit transactions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/non-kyc-crypto-exchange-exch-denies-allegations-of-laundering-bybit-hack-funds-for-lazarus-group\/\">Non-KYC Crypto Exchange eXch Denies Allegations Of Laundering Bybit Hack Funds For Lazarus Group<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The non-KYC centralized exchange eXch has strongly denied allegations of laundering stolen funds from the historic Bybit hack on behalf of the notorious Lazarus Group.\u00a0 The accusations, which have been widely discussed across social media and blockchain investigation forums, claim that eXch processed millions of dollars in stolen funds tied to the North Korean hacking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14782","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14782"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14782\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}