Exchange eXch denies allegations that it helped the Lazarus Group hacking team launder money

On February 24th, according to Theblock, non-KYC centralized exchange eXch denied the allegation that it laundered money on behalf of Lazarus Group in a post on the forum. "Holding the opposite opinion is just the opinion of some people who want the interchangeability and on-chain privacy of decentralized currencies to disappear... These people have long hated decentralized cryptocurrencies."
"Exch [.] cx, a KYC-free exchange, has seen an extraordinary spike in ETH volume - 20,000 ETH in the past 24 hours compared to the usual 800 ETH," notes analyst Vxdb. "Their bitcoin reserves are also empty, but their ETH reserves have increased by 900%."
The eXch team acknowledged that "a small portion of the funds from the ByBit hack ended up at our address", but described the transfer as "an isolated case and the only part of our exchange processing". Later, the eXch team pledged to donate the proceeds to "various open source initiatives dedicated to privacy and security in and around the crypto space".
In a separate post, the eXch team posted a screenshot showing an email from Bybit employees asking eXch to block certain wallet addresses flagged for receiving stolen funds. The team apparently rejected the request and accused Bybit of damaging its reputation by marking deposits from eXch addresses as "high risk".