Summary
- eXch has denied money laundering for North Korea's hacker group Lazarus.
- Transaction volume on eXch surged following the $1.5 billion Ethereum hacking incident.
- eXch's daily transaction volume increased from 800 to 20,000 following the Bybit hack.
A large-scale Ethereum (ETH) hacking incident occurred at cryptocurrency exchange Bybit last week. Mixing platform eXch, which was suspected of helping North Korea's hacker group Lazarus with money laundering, has denied the allegations.
According to crypto media The Block on the 23rd (local time), eXch stated in a forum post that "Those who are attacking eXch now are those who want decentralization and on-chain privacy to disappear" and "We are not laundering money for Lazarus and North Korea."
The Bybit hacking incident that occurred last week involved the theft of approximately $1.5 billion (about 2.16 trillion won) worth of Ethereum (ETH). This is the largest cryptocurrency hacking incident in the industry's history, and North Korea's hacker group Lazarus has been identified as the perpetrator.
Amid this situation, there are suspicions in the community that mixing platform eXch is helping to launder the stolen funds. This is due to eXch's transaction volume notably increasing after the hacking incident. Analysts explained, "After the Bybit hack, the average daily Ethereum transaction volume increased significantly from 800 to 20,000" and "It appears that some of the hacked volume has entered eXch."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
