Crypto trading platform eXch will cease operations on May 1

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According to Foresight News, citing CoinDesk, the crypto trading platform XCH will cease operations on May 1. In a notice on April 17, XCH stated that most of its management team voted to "stop and retreat" in response to allegations that the Lazarus Group from North Korea used the exchange to launder approximately $35 million of funds stolen from Bybit. "Although some tried to shut down our infrastructure, we could still continue operating. However, we believe there is no point in operating in a hostile environment because some people misunderstood our goals."

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