EXCLUSIVE: Shady Crypto Mixer eXch Pulls Off Daring Offshore Escape to Dodge Laundering Heat

Crypto Laundering Mastermind eXch Ditches Belize, Eyes New Horizons

Holy smokes, folks! The notorious crypto mixing protocol eXch is on the run, scrambling to merge with some mysterious offshore entity and pull a full-on restructure just to dodge the heat over laundering a jaw-dropping tens of millions stolen straight from Bybit. You heard that right - these guys are playing the ultimate shell game!

eXch's Bold Move: Fresh Faces, New Places, Same Old Shady Business

Brace yourselves, because eXch just dropped a bombshell on Bitcoin Talk, spilling the beans about their grand plan to ditch their cozy setup in Belize as the regulatory hounds start sniffing around their refusal to stop those North Korea-affiliated hackers from laundering millions from the Bybit crypto exchange. Talk about a high-stakes game of cat and mouse!

But wait, there's more! The service is rolling out the red carpet for "new shareholders and new members on the management board," claiming this slick move will "reduce risks for our founding team" while keeping their shady operations running without "giving up our values." Yeah, sure, but what exactly are those values, huh?

Law Enforcement on the Hunt: eXch Feels the Heat, Warns U.S. Users

eXch isn't just blowing smoke - they're spilling the tea, admitting they're dead aware of an "ongoing operation" targeting their service by "some law enforcement agencies" gunning to slap the protocol on the OFAC sanctions list and seize their entire infrastructure. Talk about a high-stakes showdown!

And get this - since it's mainly the U.S.-based agencies breathing down their necks, eXch is updating their ToS to warn their American users to steer clear of their service or risk getting prosecuted back home. "Don't say we didn't warn you!" they're practically shouting.

eXch's Desperate Measures: Ditching Stablecoins, Embracing Anonymity

Desperate times call for desperate measures, and eXch is pulling out all the stops to go off the radar. They're planning to give the boot to the two biggest stablecoins by market cap - Tether (USDT) and USD Coin (USDC) - by July-August, all because they're scared of getting blacklisted. Instead, these disgraced masterminds are putting all their eggs in the DAI (DAI) basket, an algorithmic stablecoin from MakerDAO on the Ethereum blockchain.

But that's not all - eXch is also going full-on cloak-and-dagger, only supporting dynamic addresses to keep things nice and complicated. And just to make it even harder to trace their dirty deeds, they're switching up their Bitcoin aggregation address. Sneaky, sneaky!

eXch's Laundering Scandal: Refusing to Play Ball with Bybit and Blockchain Sleuths

Hold onto your hats, because eXch is in the hot seat for straight-up refusing to work with blockchain sleuths trying to help Bybit stop those North Korean hackers from laundering a mind-blowing $1.5 billion stolen back in February. According to Bybit's data, eXch laundered over $94 million in stolen funds and gave a big ol' middle finger to requests to cut off the bad actors. Talk about a brazen move!