Shady crypto mixing protocol eXch is merging with an offshore entity and restructuring to evade scrutiny over laundering tens of millions stolen from Bybit.
Centralized crypto mixing protocol eXch revealed in an update on Bitcoin Talk that it plans to relocate its operations and leave its current structure in Belize as regulatory scrutiny looms over its refusal to stop North Korea-affiliated hackers from laundering millions stolen from the Bybit crypto exchange.
The service announced that it would have ânew shareholders and new members on the management board,â adding that this move would help âreduce risks for our founding teamâ while ensuring it can continue to operate without âgiving up our values,â without defying what those values are.
EXch added that itâs âaware that there is an ongoing operationâ targeting its service by âsome law enforcement agenciesâ with the goal of adding the protocol to the OFAC sanctions list and seizing the protocolâs infrastructure.
âSince itâs primarily coming from U.S.-based agencies, we will update our ToS to inform our users in the U.S. not to use our service and warn them about the risks of being prosecuted in their country for using a service like ours.â
交换
为了避免受到关注,eXch 表示,由于存在被列入黑名单的风险,它还计划在 7 月至 8 月之间将市值最大的两种稳定币 Tether (USDT) 和 USD Coin (USDC) 下架。相反,这个声名狼藉的协议将依赖于 DAI (DAI),这是一种由基于以太坊的协议 MakerDAO 发行的算法稳定币。
该混合服务表示,为了避免复杂化,它现在将只支持动态地址。它还改变了其比特币聚合地址,使交易与 eXch 的关联变得更加困难。
eXch is under fire for refusing to work with blockchain sleuths trying to help Bybit stop North Korean hackers from laundering nearly $1.5 billion stolen in February. According to Bybitâs data, eXch laundered over $94 million in stolen funds and ignored requests to cut off the bad actors.