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Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: NotATether on April 20, 2025, 11:19:06 AM

Title: eXch to shut down
Post by: NotATether on April 20, 2025, 11:19:06 AM
Just a heads up, if you use this exchanger they are going to shut down on May 1st. That is in less than 2 weeks.

They have confirmed this themselves on Bitcointalk:

Quote from: eXch link=https://bitcointalk.org/index.php?topic=577207.msg65286839#msg65286839 date=1744887769
OFFICIAL ANNOUNCEMENT

It's time, friends.

eXch will officially shutdown its operations effective May 1st, 2025.

Almost all of you know that eXch started as a project aimed at demonstrating to the community that alternatives can exist during times when there were none. We have never had any financial goals with this project and rather, we conducted an experiment that was unexpectedly successful.

Recently, we received confirmation of information we had previously, thanks to some friends we have even in the state intelligence sector, that our project is the subject of an active transatlantic operation aimed at forcibly shutting our project down and prosecuting us for "money laundering and terrorism."

Even though we have been able to operate despite some failed attempts to shutdown our infrastructure (attempts that have also been confirmed to be part of this operation), we don't see any point in operating in a hostile environment where we are the target of SIGINT simply because some people misinterpret our goals. Starting from the date of the merger with a new management team this month, and as a result of some urgent meetings, the majority of us voted to cease and retreat instead of going against strong winds, because none of us want to cause any harm to innocent people or this forum.

The goals we certainly never had in mind were to enable illicit activities such as money laundering or terrorism, as we are being accused of now. We also have absolutely no motivation to operate a project where we are viewed as criminals. This doesn't make any sense to us.

Originally, we were just a team of privacy enthusiasts with main areas of interest quite distant from cryptocurrency, where we saw the absolutely unfair happenings. This project was an attempt to restore balance in this industry.

Our project has demonstrated that an instant exchange done properly can be more effective than any centralized mixer in terms of privacy, which is why it has been referred to as "a mixer" many times by third parties, even though we have continuously rejected this label.

Our project has shown that it's possible to operate without abusing customers with nonsensical policies, unlike projects that will accept this announcement as a "weight lifted off their shoulders" that pretend to believe the false idea that confiscating crypto from customers somehow prevents "money laundering", who rely on random and unreliable scoring systems created and operated by companies that are parasites aiming to extract money from their governments by providing consulting based on the segregation of the crypto space and blockchain data. If we were to look at these projects from the perspective of "preventing money laundering and terrorism financing", any instant exchangers that screen their customer deposits using third-party APIs and appeal to nonsensical AML/KYC terms are far from preventing money laundering and terrorism. If they were serious about this, they would need to stop hiding behind shelf offshore companies and start conducting strict due diligence on every customer, which none of them do in reality. The absurdity is compounded by the absolute uselessness of the address score reporting APIs they use, as any of these screening mechanisms can be easily bypassed.

Our project will also demonstrate that even without it, this space will continue to have ways and instruments for those engaging in illicit activities to effectively "launder" their funds. Thus, the goal of stopping eXch under the belief that it may stop all money laundering in the world is ridiculous.

Meanwhile, our project effectively provided privacy to all our customers and even anonymity to most. However, there are still far more effective ways to achieve it, thanks to these flagship projects that exist nowadays:

- Monero, with its total privacy, although not without some recently discovered issues that are serious and should be fixed with the Full-Chain Membership Proofs implementation
- Litecoin, with its optional privacy (MWEB)
- Dash, with its optional privacy
- Tornado Cash
- Bitcoin CoinJoin protocols

Another distinctive project that does not betray its mission is Thorchain. Even under the immense pressure that the whole industry had to deal with due to the irresponsible actions of those at ByBit, Thorchain was the only decentralized protocol that resisted the pressure to implement screening mechanisms at the protocol level, proving itself to be absolutely reliable. Even though all Thorchain trades are transparent on-chain, privacy and even total untraceability can be easily achieved when combined with some of the privacy-enabling projects mentioned above, when used correctly. However, the Thorchain network currently has a very limited choice of good interfaces, aside from Asgardex and MMGen wallets, and none of them are privacy-preserving, but we hope this can change.

Bitcoin privacy remains, however, in the midst of a notable crisis given the collapse of all important projects and protocols that had significant liquid CoinJoin-like pools. The most interesting and convenient of them in terms of usability remains WabiSabi; however, it needs some lightweight client implementations to achieve greater popularity in order to effectively prevent serious risks associated with Sybil attacks. We certainly know that most people in this space prefer lightweight solutions to heavy software solutions, and this factor can significantly affect the popularity and usage of any good project.

Given this, we are announcing a 50 BTC open-source fund to support any FOSS projects aiming to enhance the availability of privacy solutions. We hope we can still make a difference. Here are examples of the projects we will support:

- Bitcoin wallets and protocols aiming to preserve user privacy
- Lightweight clients for WabiSabi
- Thorchain wallets aiming to preserve user privacy
- Bisq Light Client
- Ethereum wallets and smart contracts aiming to preserve user privacy (an example of such might be a "non-rigged" fork of Railgun smart contracts and wallets allowing users to operate in Tor)

Unfortunately, we will not support projects that are written in Java, NodeJS, Go, or C#, especially developers who don't take module chain supply attacks seriously and believe they're some kind of "conspiracy theory".

There will be other projects that will hopefully take our place as the industry leader in privacy-oriented centralized exchanges, and we wish them success.

Our partners will still have access to our API for a limited time, but what happens after May 1st will depend on our new management team, who will be in possession of all access to our infrastructure. Thus, we recommend launching their own liquidity pools to guarantee seamless operation. We will provide consulting and recommendations to them.

Privacy is not a crime.

[thread locked for a few days for propagation]

While it is very frustrating to see a proejct of this calibre shut down, it looks like it was inevitable after the Bybit hack occured a few months ago. So you will need to search for alternatives.
Title: Re: eXch to shut down
Post by: ABCbits on April 20, 2025, 11:25:40 AM
While it is very frustrating to see a proejct of this calibre shut down, it looks like it was inevitable after the Bybit hack occured a few months ago. So you will need to search for alternatives.

In addition, let's not forget Bybit used to discriminate coin from eXch (which affect eXch customer) before they ask for eXch help. As for alternative that have optional/no KYC, people could try aggregated list on https://kycnot.me/ (https://kycnot.me/) and https://orangefren.com/ (https://orangefren.com/).
Title: Re: eXch to shut down
Post by: Freemind on April 20, 2025, 11:33:16 AM
Well, I don't know what I can say that I haven't said countless times already... The rulers do not want freedom for citizens, they only want control and oppression to a greater or lesser extent. While they continue to make laws that suit their interests and those of their powerful friends, the rest of us are branded as terrorists simply for wanting privacy in our lives, that is very unfair.

Thanks to all members of the eXch team for showing the way forward.

The fight never ends.
Title: Re: eXch to shut down
Post by: rdluffy on April 20, 2025, 02:00:37 PM
The complications of the Bybit hack are getting pretty big, even now affecting the closure of a major service that was not to blame for anything
It's bad news for the crypto world and for those who want and need privacy

But there is still hope that they can continue the service with a new management team. What do you think?
Title: Re: eXch to shut down
Post by: Hatchy on April 20, 2025, 02:20:21 PM
It was very sad to see another big privacy exchange like this go down. I've used their services a few times in the past and it all went smoothly. I just hope and wish this would be resolved, but with how the case is linked, I don't think there's coming back. I wish them and their management good luck.
Title: Re: eXch to shut down
Post by: bitterguy28 on April 20, 2025, 02:26:36 PM
Well, I don't know what I can say that I haven't said countless times already... The rulers do not want freedom for citizens, they only want control and oppression to a greater or lesser extent. While they continue to make laws that suit their interests and those of their powerful friends, the rest of us are branded as terrorists simply for wanting privacy in our lives, that is very unfair.

Thanks to all members of the eXch team for showing the way forward.

The fight never ends.
they obviously used the hack on bybit to finally do what they all wanted to do back then which is shut down many platforms as much as they could and now they were given a reason to do that the community knew this would happen and we are right that they are being more strict and there could be unjustifiably shutting down of many platforms
Title: Re: eXch to shut down
Post by: salad daging on April 20, 2025, 02:40:28 PM
It is very unfortunate that eXch will close its service, even though I already know this announcement from Bitcointalk but still can't forget this service.

Because now every time I pay from my usual mixer I immediately exchange at eXch and now they will be closed in early May this is really sad.

Maybe I will look for other alternatives instead of eXch.
Title: Re: eXch to shut down
Post by: Charles-Tim on April 20, 2025, 04:00:43 PM
While it is very frustrating to see a proejct of this calibre shut down, it looks like it was inevitable after the Bybit hack occured a few months ago. So you will need to search for alternatives.

In addition, let's not forget Bybit used to discriminate coin from eXch (which affect eXch customer) before they ask for eXch help. As for alternative that have optional/no KYC, people could try aggregated list on https://kycnot.me/ (https://kycnot.me/) and https://orangefren.com/ (https://orangefren.com/).
According to what I read, they wanted the transaction fee used by Lazarus group. I do not think it can be of any significant amount if compared to the hack.

Also eXch said only small amount did Lazarus group transact on the exchange and not the $35 million dollar that investigators claimed.
Title: Re: eXch to shut down
Post by: gunhell16 on April 20, 2025, 04:48:17 PM
For years, this exchange has helped the crypto community by making transactions in or out using their platform and now it has suddenly ended up like this,
which is sad to think about.

However, for those who went through this, they still showed their utmost gratitude to all those who trusted the service of this exchange to their users. Because they still gave a reminder to their clients before they completely closed down.
Title: Re: eXch to shut down
Post by: PX-Z on April 20, 2025, 05:01:26 PM
Sad to see eXch shutting down. It was one of the last no-KYC exchanges that respected user privacy, this feels like another step toward a more surveilled crypto world. Not everyone seeking privacy is a criminal, some of us just value freedom.
Title: Re: eXch to shut down
Post by: albon on April 20, 2025, 05:57:30 PM
This is why i never put funds in an exchange account because most of the time the exchange gets hacked and then shuts down. This is really a shame i have used their services a few times in the past and it all went smoothly. If we want we can use the best exchanges like binance and kucoin because their security is very good. I have seen that top exchanges do not face much hacking problems. eXch has completely shut down, it is sad for everyone. I wish them and their management all the best so everyone will be more careful.
Title: Re: eXch to shut down
Post by: Azharul on April 20, 2025, 07:58:01 PM
The complications of the Bybit hack are getting pretty big, even now affecting the closure of a major service that was not to blame for anything
It's bad news for the crypto world and for those who want and need privacy

But there is still hope that they can continue the service with a new management team. What do you think?
I think that unfortunately it must be a vary bad news for all cryptocurrency world. So i believe that in this reason cryptocurrency market maybe fall off bad effect. Because we know that before occurred in incidents to bybit hacked, which could done many platform shutdown. I think that unfortunately it must be bad news for all crypto lover person.  So eXch exchange also be hunt same level of bybit, which can be finish many important activists in this reason. Because we know that privacy security is one of the important issue for any exchange. I think that within a shot time this problem will solve.
Title: Re: eXch to shut down
Post by: Asiska02 on April 20, 2025, 08:43:34 PM
The complications of the Bybit hack are getting pretty big, even now affecting the closure of a major service that was not to blame for anything
It's bad news for the crypto world and for those who want and need privacy

But there is still hope that they can continue the service with a new management team. What do you think?

This is indeed a very bad news for the crypto space and those of us that value privacy more than anything in the crypto space. The exchange must have passed through a lot in this short time of them having some misunderstanding with Bybit exchange just during their hack. I don’t know how they came about to have concluded to be shutting down their services, but hopefully a new management takes over and make things work again because I saw in their statement like some other new management will take over the activities of the exchange.
Title: Re: eXch to shut down
Post by: tabas on April 20, 2025, 08:55:16 PM
But there is still hope that they can continue the service with a new management team. What do you think?
With a new name and if that includes a new management, possible. But I think they will lie low for a while because they could be monitored.
Title: Re: eXch to shut down
Post by: Z-tight on April 20, 2025, 09:54:21 PM
Yeah, i read it on bitcointalk. What more can i say, it is so sad, eXch is a wonderful service, what they stand for is exactly what we need in the community. However, i am a sure a lot of us knew the authorities will be serious in going after them and prosecuting those behind the service, they had no choice but to take this hard decision, and there we go, we lose another great privacy-oriented service.
Title: Re: eXch to shut down
Post by: Alone055 on April 20, 2025, 10:23:51 PM
It's sad to hear this but it had to happen sooner or later because we know how central authorities feel or what are their stance about projects promoting anonymity and privacy or being decentralized, not asking their customers for their personal information and then passing it on to them so that they can do whatever they want with it. :)

As @Freemind said, they don't want us to have freedom, especially in the financial sector. They can't bear seeing us being anonymous with our trades or transactions that we make because they want to know what we are doing, where our money is going, and where it's coming from so that they can blackmail us whenever they want or even confiscate our funds at will.

eXch was a great service for the crypto space, it helped people make trades without the need of going through KYC and revealing their identity, and they couldn't digest this.
Title: Re: eXch to shut down
Post by: Fivestar4everMVP on April 20, 2025, 10:24:49 PM
Yeah, i read it on bitcointalk. What more can i say, it is so sad, eXch is a wonderful service, what they stand for is exactly what we need in the community. However, i am a sure a lot of us knew the authorities will be serious in going after them and prosecuting those behind the service, they had no choice but to take this hard decision, and there we go, we lose another great privacy-oriented service.
Really unfortunate to be honest, I've never used the services of eXch before but I do have a friend who was constantly using the platform, I feel bad to come to the knowledge that the platform is shutting down under this type of circumstances, it's not new actually, atleast, many other wonderful services in the past have shutdown due to this same reasons, but then, I like the management behind eXch for their boldness in knowing what is right to do and taking the bold step to do it, many other services in the past waited until the authorities came after them and they ended up shutting down abruptly in a way that even some of their customers lost money, but the team behind eXch choose to be different, I commend them for this step they took and wish them good success in their next project.
Title: Re: eXch to shut down
Post by: Wiwo on April 20, 2025, 10:30:08 PM
Yeah, i read it on bitcointalk. What more can i say, it is so sad, eXch is a wonderful service, what they stand for is exactly what we need in the community. However, i am a sure a lot of us knew the authorities will be serious in going after them and prosecuting those behind the service, they had no choice but to take this hard decision, and there we go, we lose another great privacy-oriented service.
Really unfortunate to be honest, I've never used the services of eXch before but I do have a friend who was constantly using the platform, I feel bad to come to the knowledge that the platform is shutting down under this type of circumstances, it's not new actually, atleast, many other wonderful services in the past have shutdown due to this same reasons, but then, I like the management behind eXch for their boldness in knowing what is right to do and taking the bold step to do it, many other services in the past waited until the authorities came after them and they ended up shutting down abruptly in a way that even some of their customers lost money, but the team behind eXch choose to be different, I commend them for this step they took and wish them good success in their next project.
Such a sad end for eXch because the reality of their involvement in the hack coins dragged them into this whole mess and they were not prepared for this, since if they were, they could have not allowed such large inflows of funds from an already dented addresses since of allowed eventually will bring them into trouble.
Title: Re: eXch to shut down
Post by: Baofeng on April 21, 2025, 01:05:46 AM
Yeah, i read it on bitcointalk. What more can i say, it is so sad, eXch is a wonderful service, what they stand for is exactly what we need in the community. However, i am a sure a lot of us knew the authorities will be serious in going after them and prosecuting those behind the service, they had no choice but to take this hard decision, and there we go, we lose another great privacy-oriented service.
Really unfortunate to be honest, I've never used the services of eXch before but I do have a friend who was constantly using the platform, I feel bad to come to the knowledge that the platform is shutting down under this type of circumstances, it's not new actually, atleast, many other wonderful services in the past have shutdown due to this same reasons, but then, I like the management behind eXch for their boldness in knowing what is right to do and taking the bold step to do it, many other services in the past waited until the authorities came after them and they ended up shutting down abruptly in a way that even some of their customers lost money, but the team behind eXch choose to be different, I commend them for this step they took and wish them good success in their next project.
Such a sad end for eXch because the reality of their involvement in the hack coins dragged them into this whole mess and they were not prepared for this, since if they were, they could have not allowed such large inflows of funds from an already dented addresses since of allowed eventually will bring them into trouble.

I still remember one of the earliest Mixer as well in the bitcointalk that do shutdown itself with a lengthy explanation. And so when I so this post, it brings me back memories.

Anyways, it's just the nature of their business, maybe they will comeback for all we know and learn from their mistakes. But still though, it's a dangerous world out there and every services could be in trouble in an instant.
Title: Re: eXch to shut down
Post by: TomPluz on April 21, 2025, 07:03:42 AM


Here is another one that bites the dust all because the people eXch could not afford the prospect of a long and uncertain fight on those in power and maybe unlike Binance this outfit does not have the resources to pay possible penalty and they could not bear the possibility of incarceration of any of them. So the best option on the table is just to let go...say goodbye to the public. Let's hope there will be more similar entities that will sprout soon as this loss is not actually good for the sake of the cryptocurrency industry and the fight for privacy.
Title: Re: eXch to shut down
Post by: Bobcrypto on April 21, 2025, 10:00:57 AM
While it is very frustrating to see a proejct of this calibre shut down, it looks like it was inevitable after the Bybit hack occured a few months ago. So you will need to search for alternatives.

In addition, let's not forget Bybit used to discriminate coin from eXch (which affect eXch customer) before they ask for eXch help. As for alternative that have optional/no KYC, people could try aggregated list on https://kycnot.me/ (https://kycnot.me/) and https://orangefren.com/ (https://orangefren.com/).
According to what I read, they wanted the transaction fee used by Lazarus group. I do not think it can be of any significant amount if compared to the hack.

Also eXch said only small amount did Lazarus group transact on the exchange and not the $35 million dollar that investigators claimed.

In my opinion, any direct dealing with hackers by a non KYC exchange is risky, and they should have known the implications of exchanging stolen funds which they knew it could be traced by investigators and the Bybit exchange team itself.
Lazarus hackers are on the news about their Bybit hacks, and it was very obvious that the stolen funds were being monitored. I think that eXch exchange took unnecessary risk by doing business with hackers if it is actually this information was true.
Title: Re: eXch to shut down
Post by: Charles-Tim on April 21, 2025, 10:07:43 AM
In my opinion, any direct dealing with hackers by a non KYC exchange is risky, and they should have known the implications of exchanging stolen funds which they knew it could be traced by investigators and the Bybit exchange team itself.
Lazarus hackers are on the news about their Bybit hacks, and it was very obvious that the stolen funds were being monitored. I think that eXch exchange took unnecessary risk by doing business with hackers if it is actually this information was true.
I agree with you about this. I do not know how good the tracking system of these exchanges is. Coins coming from Lazarus group in relation to Bybit hack is too loud and such money should have been seized instead. This would have given eXch a good reputation.
Title: Re: eXch to shut down
Post by: Faisal2202 on April 21, 2025, 08:03:37 PM
they obviously used the hack on bybit to finally do what they all wanted to do back then which is shut down many platforms as much as they could and now they were given a reason to do that the community knew this would happen and we are right that they are being more strict and there could be unjustifiably shutting down of many platforms
Its really shocking because the exchange was smooth and the team was perfect, and as of now, when I read their last post, I mean 50 BTC, that's insane, they have big hearts. I wonder if Satoshi has to do something with this project, haha BTW, I don't think the authorities forced them, as you sound. They made it clear they don't want to harm the innocent people of forum, which is really amazing.

I mean, many platforms have been seized before, and people got their money stuck forever, only this time, people won't lose money, I guess. I wonder what the next management will bring. Best of luck to them, and I hope these illicit actors will stop someday using a brilliant technology for bad purposes.
Title: Re: eXch to shut down
Post by: MUGNIA on April 22, 2025, 04:35:57 PM
It is very unfortunate that eXch will close its service, even though I already know this announcement from Bitcointalk but still can't forget this service.

Because now every time I pay from my usual mixer I immediately exchange at eXch and now they will be closed in early May this is really sad.

Maybe I will look for other alternatives instead of eXch.
There will definitely be a solution in the future, it is really unfortunate that this exchange has closed, even though many users feel comfortable using it, without KYC they can already make transactions, is this KYC problem what made them close?
Title: Re: eXch to shut down
Post by: rdluffy on April 22, 2025, 04:41:17 PM
There will definitely be a solution in the future, it is really unfortunate that this exchange has closed, even though many users feel comfortable using it, without KYC they can already make transactions, is this KYC problem what made them close?

In a nutshell, and according to themselves:

Quote
Recently, we received confirmation of information we had previously, thanks to some friends we have even in the state intelligence sector, that our project is the subject of an active transatlantic operation aimed at forcibly shutting our project down and prosecuting us for "money laundering and terrorism."

And this was greatly aggravated by the Bybit hack a few weeks ago
Title: Re: eXch to shut down
Post by: Aanuoluwatofunmi on April 22, 2025, 06:29:33 PM
I was not happy when i heard of this and it makes me remember that of mixers when it was announced that they should no longer be allowed to operate on the other forum before they got peace to stay here, am not that comfortable with anything that has to do with allegation and because the way government are taking down on these sites are somewhat suspicious and at the same time threatening to us in cryptocurrency, because the victimization is not getting too much, that an exchange like this gets nuked by the same government for unreasonable reason they cant establish the fact.
Title: Re: eXch to shut down
Post by: salad daging on April 22, 2025, 10:21:56 PM
There will definitely be a solution in the future, it is really unfortunate that this exchange has closed, even though many users feel comfortable using it, without KYC they can already make transactions, is this KYC problem what made them close?

In a nutshell, and according to themselves:

Quote
Recently, we received confirmation of information we had previously, thanks to some friends we have even in the state intelligence sector, that our project is the subject of an active transatlantic operation aimed at forcibly shutting our project down and prosecuting us for "money laundering and terrorism."

And this was greatly aggravated by the Bybit hack a few weeks ago
Suspect that Bybit may continue to report this exchange for closure, but we don't know what kind of pressure eXch is receiving.
Anyway, this is sad news, because eXch is the easiest platform but registration.
Title: Re: eXch to shut down
Post by: Trongduy on April 23, 2025, 02:20:35 PM
I was not happy when i heard of this and it makes me remember that of mixers when it was announced that they should no longer be allowed to operate on the other forum before they got peace to stay here, am not that comfortable with anything that has to do with allegation and because the way government are taking down on these sites are somewhat suspicious and at the same time threatening to us in cryptocurrency, because the victimization is not getting too much, that an exchange like this gets nuked by the same government for unreasonable reason they cant establish the fact.
I only knew about eXch when they refused to process the hacker's funds during the Bybit event. It's quite something how straightforward their response was, and they certainly don't forget old grudges! I'm not sure if that's why they had to suddenly cease operations though, haha.

A centralized exchange having to shut down means investors will lose a place where they could easily trade without jumping through too many identity verification hoops. This will be a loss for the market, but crypto investors are a resourceful bunch and will find alternatives soon enough.
Title: Re: eXch to shut down
Post by: Lucius on April 23, 2025, 05:09:47 PM
It is not only the authorities and their agencies' fault that the people behind this project have decided that it is time to leave, but in my personal opinion, a large share of all the attacks that have gone towards this service were generated by their competition, which "employed" various so-called experts to analyze transactions and draw conclusions that will incriminate this service.

In the end, their great popularity and the greed of those who only wanted their share decided against them.
Title: Re: eXch to shut down
Post by: snowpega on April 23, 2025, 05:19:14 PM
Its really shocking because the exchange was smooth and the team was perfect, and as of now, when I read their last post, I mean 50 BTC, that's insane, they have big hearts. I wonder if Satoshi has to do something with this project, haha BTW, I don't think the authorities forced them, as you sound. They made it clear they don't want to harm the innocent people of forum, which is really amazing.

I mean, many platforms have been seized before, and people got their money stuck forever, only this time, people won't lose money, I guess. I wonder what the next management will bring. Best of luck to them, and I hope these illicit actors will stop someday using a brilliant technology for bad purposes.

I am seeing this service, which has been providing its signature service since the beginning days when I used to post on Bitcointalk, and now, in my point of view, saying goodbye to that last good service is hard for its members who are earning the best pay rewards from this campaign.

Well, I think it is the last non-gambling campaign after mixers that is providing its signature on the BitcoinTalk till May 1st. And, after that day, only gambling campaigns will be left on BTT, according to my knowledge. Am I right?
Title: Re: eXch to shut down
Post by: Mr. Magkaisa on April 23, 2025, 05:33:03 PM
they obviously used the hack on bybit to finally do what they all wanted to do back then which is shut down many platforms as much as they could and now they were given a reason to do that the community knew this would happen and we are right that they are being more strict and there could be unjustifiably shutting down of many platforms
Its really shocking because the exchange was smooth and the team was perfect, and as of now, when I read their last post, I mean 50 BTC, that's insane, they have big hearts. I wonder if Satoshi has to do something with this project, haha BTW, I don't think the authorities forced them, as you sound. They made it clear they don't want to harm the innocent people of forum, which is really amazing.

I mean, many platforms have been seized before, and people got their money stuck forever, only this time, people won't lose money, I guess. I wonder what the next management will bring. Best of luck to them, and I hope these illicit actors will stop someday using a brilliant technology for bad purposes.

       -     I was surprised by this news, this platform has been providing good service to their consumers who trusted them for several years. It is not really a measure of the length of time they have been providing service to their customers.

There will definitely come a time when a business will suddenly close down unexpectedly, maybe because of the intensity of the competitions or maybe they have not reached the target volume that the platform should have received, so it has ended up like that. What do you think?
Title: Re: eXch to shut down
Post by: DYING_S0UL on April 23, 2025, 05:52:50 PM
This is really unfortunate to see them shut down. There were (still are) one of the best non kyc exchange in the market!

Farewell eXch, and the team. I wish them best of luck for whatever project they support! They would be surely missed by a lot of people!

There will definitely come a time when a business will suddenly close down unexpectedly, maybe because of the intensity of the competitions or maybe they have not reached the target volume that the platform should have received, so it has ended up like that. What do you think?

For eXch it was because of legal and intelligence pressure.
Title: Re: eXch to shut down
Post by: Faisal2202 on April 24, 2025, 07:03:20 PM
I am seeing this service, which has been providing its signature service since the beginning days when I used to post on Bitcointalk, and now, in my point of view, saying goodbye to that last good service is hard for its members who are earning the best pay rewards from this campaign.

Well, I think it is the last non-gambling campaign after mixers that is providing its signature on the BitcoinTalk till May 1st. And, after that day, only gambling campaigns will be left on BTT, according to my knowledge. Am I right?
You are right, it was the only non-gabbing campaign after mixers that lasted this long and was really long term project and you know this just by seeing the team's words. Although there is another non gamlbing campaign by icp named as peach bitcoin, but they don't pay everyone, don't know the details as never applied or heard about it like in terms of Open for applicants, so don't know the acceptance procedure of it.

I am also waiting for non gambling campaign on BTT and I really hoped in 2026 Theymos will lift the ban but seeing this I don't think things will get to normal anytime soon.
Title: Re: eXch to shut down
Post by: salad daging on April 24, 2025, 10:58:34 PM
I am seeing this service, which has been providing its signature service since the beginning days when I used to post on Bitcointalk, and now, in my point of view, saying goodbye to that last good service is hard for its members who are earning the best pay rewards from this campaign.

Well, I think it is the last non-gambling campaign after mixers that is providing its signature on the BitcoinTalk till May 1st. And, after that day, only gambling campaigns will be left on BTT, according to my knowledge. Am I right?
You are right, it was the only non-gabbing campaign after mixers that lasted this long and was really long term project and you know this just by seeing the team's words. Although there is another non gamlbing campaign by icp named as peach bitcoin, but they don't pay everyone, don't know the details as never applied or heard about it like in terms of Open for applicants, so don't know the acceptance procedure of it.

I am also waiting for non gambling campaign on BTT and I really hoped in 2026 Theymos will lift the ban but seeing this I don't think things will get to normal anytime soon.
Peach bitcoin is a voluntary campaign so you can sign up and be accepted immediately, but if I'm not mistaken in this campaign whoever is the best poster will get a bonus.

Hopefully this is good news so that theymos will lift the ban again, but this also depends on how friendly the US government is to this service, if it gets more complicated then it is likely that theymos will not lift it.
Title: Re: eXch to shut down
Post by: Cryptsafe on April 24, 2025, 11:24:04 PM
It is unfortunate that they would have to shut down this way, as it was not their fault that the Lazarus group used their platform to transact stolen assets. They had no idea, and I believe if you ask them too they would say the same but fate just held them ransom this way and they had to give up their position in the industry but I believe they would bounce back and in another form so that the government do not come after them again.
Title: Re: eXch to shut down
Post by: Lucius on April 25, 2025, 04:37:32 PM
I am seeing this service, which has been providing its signature service since the beginning days when I used to post on Bitcointalk, and now, in my point of view, saying goodbye to that last good service is hard for its members who are earning the best pay rewards from this campaign.

There are sig campaigns that have a higher pay rate, but people who had an eXch signature didn't do it exclusively for the reward.

Well, I think it is the last non-gambling campaign after mixers that is providing its signature on the BitcoinTalk till May 1st. And, after that day, only gambling campaigns will be left on BTT, according to my knowledge. Am I right?

I think you are right, all sig campaigns that pay in BTC are now exclusively gambling sites. In my opinion, it's not the best for that forum, because most of those campaigns either ask for a certain number of weekly posts in Gambling boards or suggest it in some way.
Title: Re: eXch to shut down
Post by: Findingnemo on April 25, 2025, 05:05:07 PM
The room for privacy is getting thinner day by day, it's so unfortunate that they have to shut down after doing very good job in building their reputation, especially on bitcointalk. I guess we still have few of that kind but their future will be uncertain because they are not big as exch and might be the next prey for the regulators in real soon.
Title: Re: eXch to shut down
Post by: snowpega on April 25, 2025, 06:59:26 PM
You are right, it was the only non-gabbing campaign after mixers that lasted this long and was really long term project and you know this just by seeing the team's words. Although there is another non gamlbing campaign by icp named as peach bitcoin, but they don't pay everyone, don't know the details as never applied or heard about it like in terms of Open for applicants, so don't know the acceptance procedure of it.

This campaign is voluntary and pays nothing; it is there just to get support, and it's all up to you. Like, if your signature space is free, you can put on peach campaign signature until you are not into any paid signature campaign, and I have been part of two voluntary campaigns, Peach and Bitlst, and both campaigns manager is the same, and I am still putting on a Bitlist signature on my BTT profile.

I am also waiting for non gambling campaign on BTT and I really hoped in 2026 Theymos will lift the ban but seeing this I don't think things will get to normal anytime soon.

Well, honestly, let's see how things will be in the next year on BTT, as I am also the one who is waiting for non-gambling projects on BTT, and I am seeing that there are a lot of gambling signature projects that are providing their signature service on BTT, and there is not even one non-gambling project there on BTT. Well, dear, if you remember, there was a wallet campaign on BTT with the name of Wasabi Wallet Signature Campaign on BTT." Do you have any idea why this campaign stopped providing its service?
Title: Re: eXch to shut down
Post by: Faisal2202 on April 25, 2025, 07:00:09 PM
Peach bitcoin is a voluntary campaign so you can sign up and be accepted immediately, but if I'm not mistaken in this campaign whoever is the best poster will get a bonus.

Hopefully this is good news so that theymos will lift the ban again, but this also depends on how friendly the US government is to this service, if it gets more complicated then it is likely that theymos will not lift it.
Oh that (about good poster) I did not knew, well I never applied for it, as now on BTT I am free as not in any campaign I might give it some try to see if I am good poster in sight of Icopress or not, it is a good thing.

Speaking of lift, all eyes are on it, we all want it to be lifted this will open new doors for many projects and they can grow, in the recent days, many good projects came into being but I wonder why they stopped advertising, their concept was so awesome. Anyway, all we can do is pray.
Title: Re: eXch to shut down
Post by: salad daging on April 25, 2025, 09:06:53 PM
The room for privacy is getting thinner day by day, it's so unfortunate that they have to shut down after doing very good job in building their reputation, especially on bitcointalk. I guess we still have few of that kind but their future will be uncertain because they are not big as exch and might be the next prey for the regulators in real soon.
That's reality! Privacy is dwindling as governments keep trying to dismantle platforms with privacy services making it harder for us to be anonymous.
Building a reputation is not easy, but this has happened and has fallen prey to the regulators and if there are platforms like this in the future then I'm afraid the regulators will crack down again.
Title: Re: eXch to shut down
Post by: KryptoBull on April 26, 2025, 12:40:32 PM
It is unfortunate that they would have to shut down this way, as it was not their fault that the Lazarus group used their platform to transact stolen assets. They had no idea, and I believe if you ask them too they would say the same but fate just held them ransom this way and they had to give up their position in the industry but I believe they would bounce back and in another form so that the government do not come after them again.
I'm not exactly sure what pressures eXch is facing that led them to cease operations, but it seems like everything stems from their actions when they were exploited by hackers in the Bybit incident. eXch chose to remain neutral and didn't intervene, which led to them being seen as accomplices and enablers of the hackers.

I'm not saying eXch's actions were wrong, but it's quite risky for the fate of these CEXs. Governments don't want this to happen again, CEXs that don't implement KYC will be in the crosshairs of regulations. Anonymity is no longer as prioritized as transparency and cooperation!
Title: Re: eXch to shut down
Post by: snowpega on April 26, 2025, 02:14:12 PM
I think you are right, all sig campaigns that pay in BTC are now exclusively gambling sites. In my opinion, it's not the best for that forum, because most of those campaigns either ask for a certain number of weekly posts in Gambling boards or suggest it in some way.

Yes, mate, I also believe that there should be multiple niches of projects on the BTT platform. I know that there are a lot of gambling projects providing their signature services on BitcoinTalk, but I have never been part of any of them, and I have never applied for them, even though I also knew that there are many slots that are available in different gambling campaigns on majority days.

Well, everyone has their own preference being a part of any project, and in my case, I avoid joining gambling projects as possible as I can avoid them. Just a random question from you mate, have you ever join a gambling signature campaign?

Title: Re: eXch to shut down
Post by: Lucius on April 26, 2025, 04:43:38 PM
~snip~
Well, everyone has their own preference being a part of any project, and in my case, I avoid joining gambling projects as possible as I can avoid them. Just a random question from you mate, have you ever join a gambling signature campaign?


I'm not a gambler, but I've been pretty serious about sports betting in the past, so I somewhat understand people's need to "have fun" in that way. I also understand that gambling is a big problem for some people in the form of addiction, but people should simply see it as entertainment, not as a business where the goal is only to profit.

I was a member of several such campaigns, and I'm currently participating in one, although I've always preferred to promote other things - unfortunately there are no more of them on BTT (for now).
Title: Re: eXch to shut down
Post by: Faisal2202 on April 26, 2025, 09:12:58 PM
This campaign is voluntary and pays nothing; it is there just to get support, and it's all up to you. Like, if your signature space is free, you can put on peach campaign signature until you are not into any paid signature campaign, and I have been part of two voluntary campaigns, Peach and Bitlst, and both campaigns manager is the same, and I am still putting on a Bitlist signature on my BTT profile.
No it do pays If you will check the Bitcoin signature observer thread on bitcointalk, you will see this signature is listed there as in paid list and it pays $4 per post even as the salad dagging said before, the campaign is voluntary, but it do pay.
Well, honestly, let's see how things will be in the next year on BTT, as I am also the one who is waiting for non-gambling projects on BTT, and I am seeing that there are a lot of gambling signature projects that are providing their signature service on BTT, and there is not even one non-gambling project there on BTT. Well, dear, if you remember, there was a wallet campaign on BTT with the name of Wasabi Wallet Signature Campaign on BTT." Do you have any idea why this campaign stopped providing its service?
Nah I don't have any idea about it, maybe because they had some similarity with coinjoin or mixer feature, but I don't know for sure, you have to look for yourself, I did read about it but now I can't remember.
Title: Re: eXch to shut down
Post by: NotATether on April 27, 2025, 10:47:01 AM
It is unfortunate that they would have to shut down this way, as it was not their fault that the Lazarus group used their platform to transact stolen assets. They had no idea, and I believe if you ask them too they would say the same but fate just held them ransom this way and they had to give up their position in the industry but I believe they would bounce back and in another form so that the government do not come after them again.

The team said they are not interested in running the exchange, which I will take to mean that they are similarly disinterested in running any future exchange.

This is not the case if some site getting seized by feds and the administrators create a new site.

It will have to be a different service, ran by different people who will do this.
Title: Re: eXch to shut down
Post by: Freemind on April 27, 2025, 10:53:02 AM
they obviously used the hack on bybit to finally do what they all wanted to do back then which is shut down many platforms as much as they could and now they were given a reason to do that the community knew this would happen and we are right that they are being more strict and there could be unjustifiably shutting down of many platforms

I also think we're likely to see more exchanges shut down. Their excuses (some people call them laws) are almost perfect and likely have widespread support among those unfamiliar with cryptocurrencies, money laundering and terrorist financing. Anyone asked about the exchanges that supposedly fund and approve these activities would respond that those services should be shut down immediately, what they don't know is that it's not true. Taking advantage of one's own failure, whether technological or human, to harm others, in one way or another, doesn't reflect well on the exchange's name or the cryptocurrency industry.
Title: Re: eXch to shut down
Post by: NotATether on April 27, 2025, 11:46:08 AM
I also think we're likely to see more exchanges shut down. Their excuses (some people call them laws) are almost perfect and likely have widespread support among those unfamiliar with cryptocurrencies, money laundering and terrorist financing. Anyone asked about the exchanges that supposedly fund and approve these activities would respond that those services should be shut down immediately, what they don't know is that it's not true. Taking advantage of one's own failure, whether technological or human, to harm others, in one way or another, doesn't reflect well on the exchange's name or the cryptocurrency industry.

It is almost comical.

The common person just wants to use crypto to make more money (+ wHeN LaMbO??!) so they use whatever regulated exchange they like, and then act surprise when the exchange withholds their funds for an investigation or shuts down and never obtains them back. They then while about crypto being "a scam" when if they simply used an anonymous exchange or a P2P trading site, they wouldn't have this problem in the first place.
Title: Re: eXch to shut down
Post by: Crypto Library on April 27, 2025, 11:46:21 AM
I also think we're likely to see more exchanges shut down. Their excuses (some people call them laws) are almost perfect and likely have widespread support among those unfamiliar with cryptocurrencies, money laundering and terrorist financing. Anyone asked about the exchanges that supposedly fund and approve these activities would respond that those services should be shut down immediately, what they don't know is that it's not true. Taking advantage of one's own failure, whether technological or human, to harm others, in one way or another, doesn't reflect well on the exchange's name or the cryptocurrency industry.
I personally think that if we still look at any survey, we will see that most of the cases of money laundering and other crimes are happening through fiat currency. I am not saying that crypto currency or such services are not involved in money laundering or other illegal activities at all, but even though these activities are more visible through fiat currency, we are more likely to express an assumption about crypto currency or these related tools. Which main target is to creates  bad image for the crypto space.
Title: Re: eXch to shut down
Post by: Wiwo on April 27, 2025, 06:12:12 PM
This is why i never put funds in an exchange account because most of the time the exchange gets hacked and then shuts down. This is really a shame i have used their services a few times in the past and it all went smoothly. If we want we can use the best exchanges like binance and kucoin because their security is very good. I have seen that top exchanges do not face much hacking problems. eXch has completely shut down, it is sad for everyone. I wish them and their management all the best so everyone will be more careful.
This case is more than what you think man, because hard it been that this exchange was never traced with the Bybit jack loots nothing could have happened to the platform and as for bad fact that their are one if the no KYC cryptocurrency exchange that give high priorities to users privacy, so the Lazarus group exploited that privacy features pn eXch.

Well regardless also you are right, about not to save huge amount of money on an exchange due to this kind of cases of shutdown Becassine in some situations, the exchange won't even give a time frame to withdraw fund's before their shutdown.
Title: Re: eXch to shut down
Post by: snowpega on April 29, 2025, 02:59:43 PM
No it do pays If you will check the Bitcoin signature observer thread on bitcointalk, you will see this signature is listed there as in paid list and it pays $4 per post even as the salad dagging said before, the campaign is voluntary, but it do pay.

Ahan, then I don't have any idea, as I have also been a part of both these campaigns, Bitcoin Peach and BitList. Well, I do know that the BitList campaign is paying weekly bonuses to the good posters, but according to what I knew, Bitcoin Peach is paying nothing, and if it is paying $4 per week, then it's great, mate.

Nah I don't have any idea about it, maybe because they had some similarity with coinjoin or mixer feature, but I don't know for sure, you have to look for yourself, I did read about it but now I can't remember.

I am way too busy these days; if I get spare time, I will surely check about this. I asked you because you are a senior member, and you may have kinda idea about this, but you also don't remember it as well, hehe.
Title: Re: eXch to shut down
Post by: Cryptsafe on April 29, 2025, 09:48:25 PM
It is unfortunate that they would have to shut down this way, as it was not their fault that the Lazarus group used their platform to transact stolen assets. They had no idea, and I believe if you ask them too they would say the same but fate just held them ransom this way and they had to give up their position in the industry but I believe they would bounce back and in another form so that the government do not come after them again.
I'm not exactly sure what pressures eXch is facing that led them to cease operations, but it seems like everything stems from their actions when they were exploited by hackers in the Bybit incident. eXch chose to remain neutral and didn't intervene, which led to them being seen as accomplices and enablers of the hackers.

I'm not saying eXch's actions were wrong, but it's quite risky for the fate of these CEXs. Governments don't want this to happen again, CEXs that don't implement KYC will be in the crosshairs of regulations. Anonymity is no longer as prioritized as transparency and cooperation!

I believe exch had no idea of such happening on their platformand besides their platform is an anonymous platform and there is no way they could be able to know who did that and it could be that they are just being guided by the principles on which they run the exchange on to remain anonymous and they choose to exit the market with no plans of coming back anymore.

We all know that the government can go to any extent to make sure they frustrate any exchange or organisation that wants to go against their policy and exch is not the first to have suffered such and I believe this was the only issue that gave the government the force on them bending them to exit the market. If I may ask, is Exch the only platform the hackers used to launder the money they hacked from Bybit? What about the other platforms they used If I am not mistaken, has anyone heard anything about the others till this moment?
Title: Re: eXch to shut down
Post by: Faisal2202 on April 30, 2025, 04:42:47 PM
Ahan, then I don't have any idea, as I have also been a part of both these campaigns, Bitcoin Peach and BitList. Well, I do know that the BitList campaign is paying weekly bonuses to the good posters, but according to what I knew, Bitcoin Peach is paying nothing, and if it is paying $4 per week, then it's great, mate.
Okay, I never joined any of these before, but will surely join them sooner or later. I did not know Bitlist was paying because I did not see it on the signature observer list,  (https://bitcointalk.org/index.php?topic=615953.3740)

I am way too busy these days; if I get spare time, I will surely check about this. I asked you because you are a senior member, and you may have kinda idea about this, but you also don't remember it as well, hehe.
I just checked the last post by Icopress on the Wasabi Wallet thread, and it just says they are stopping the campaign, no reason is given. if you want to check, then here is the link, busy boy https://bitcointalk.org/index.php?topic=5401963.msg63791790#msg63791790 I just guessed that, so I think there was no specific reason they stopped it like you were expecting.
Title: Re: eXch to shut down
Post by: snowpega on May 01, 2025, 10:42:48 AM
Okay, I never joined any of these before, but will surely join them sooner or later. I did not know Bitlist was paying because I did not see it on the signature observer list,  (https://bitcointalk.org/index.php?topic=615953.3740)

+1. Well, mate, I am kinda surprised that BitcoinPeach was also paying all that time with the pay rate of $4, and I had no idea even I was also a member of this campaign for some time. I just checked it with the help of your given link, and the manager has posted some posts for weekly payments in the campaign thread.

<snip>

Surely after checking this, no reason is given in the thread, but on the top of the thread this term is written: [CPBS]. What does it mean? I see this term for the first time, hehe. Do you have any idea what it stands for?