eXch - Official Announcements and Discussion Thread

[Stompix]

There will be no new management, the whole thing is way too hot for any "team" to get involved with it.

If you follow the writing style of @eXch, you'll find that it was managed by more than one member, so I believe there is more than one team for the service. I don't know, but without a deal, shutting down the service will not affect the progress of the investigation.

There is no need to analyze the style, unlike CM, which was basically a script running on a server the exch needed a team behind their service, it wasn't a one-man job, but anyone continuing this puts themselves and the others at risk. Also yes, it will affect the process of the investigation since fortunately there will be nothing seized, it's quite a difference in most jurisdictions, just like how without a body you don't have a crime.

It's one thing for the prosecutor to come with the wallet that has been used to receive funds from x in front of the judge and another thing to come with a piece of paper showing a diagram on how things supposedly went.




 

[dkbit98]

I must admit that I was quite surprised by the popularity of eXch. Disappointment is palpable in the various crypto communities on Reddit and X, over the shutdown of an important resource in the crypto industry.

I didn't follow what they wrote on reddit and twitter, but most of the people active in social media are living some kind of weird parallel universe of their own.
I don't understand how anyone could be happy because of eXch shut down, except maybe government and some freaks.

Yeah, monero is under attack for a long time.. personally, I wouldn't hold it

But you hold ethereum crap (including tokens) that is sinking down since switching to stupid proof of stake 

[examplens]

I haven't seen people talking about it in reddit. Can you share? Any specific community?

r/Monero
There, I first read that eXch had announced a shutdown.
eXch was considered a reliable resource there, and attitudes towards them were generally positive.

[bitmover]

Yeah, monero is under attack for a long time.. personally, I wouldn't hold it

But you hold ethereum crap (including tokens) that is sinking down since switching to stupid proof of stake 

Leave my bags alone.

And ethereum is not sinking as much as monero. It used to be top 7 coin. Now it is about 30?
Ethereum continues strong at 2nd.

I have some faith in vitalik's blockchain 

[Stompix]

I have some faith in vitalik's blockchain 

Some can be anything between 0.00001 and 1 million, how much it's there actually?
Besides, with Monero being used as a privacy coin price matters way less, I mean even the peso and the rial were and are still used, but nobody was buying Argentine's debt as an investment 
Investment and utility have gone their separate ways, just like these two coins.

[hugeblack]

There will be no new management, the whole thing is way too hot for any "team" to get involved with it.

If you follow the writing style of @eXch, you'll find that it was managed by more than one member, so I believe there is more than one team for the service. I don't know, but without a deal, shutting down the service will not affect the progress of the investigation.

There is no need to analyze the style, unlike CM, which was basically a script running on a server the exch needed a team behind their service, it wasn't a one-man job, but anyone continuing this puts themselves and the others at risk. Also yes, it will affect the process of the investigation since fortunately there will be nothing seized, it's quite a difference in most jurisdictions, just like how without a body you don't have a crime.

It's one thing for the prosecutor to come with the wallet that has been used to receive funds from x in front of the judge and another thing to come with a piece of paper showing a diagram on how things supposedly went.

+1 This sound convincing, but honestly, I don't know if there is an active investigation or if the service has decided to shut down.
The only document published is a fraud lawsuit against several entities, including eXch, requesting that they freeze the coins.
https://dockets.justia.com/docket/new-jersey/njdce/2:2025cv01805/564066.





In general, the service was shut down ahead of schedule. Their language has changed significantly in the last 15 days.

[NotATether]

And ethereum is not sinking as much as monero. It used to be top 7 coin. Now it is about 30?
Ethereum continues strong at 2nd.

Ethereum and Monero aren't going anywhere.

Ethereum is used in almost all DeFI protocols and dApps.

Monero is used in the darknet underground.

A few other cryptocrrencies are basically here to stay, like Litecoin, BCH, Tron, and Doge.

[Stompix]

A few other cryptocrrencies are basically here to stay, like Litecoin, BCH, Tron, and Doge.

Seriously? Seriously?
Well, at least one can be happy you didn't say BSV, but still BCH?
Litecoin is on life support from Doge, BSV and BCH only served as by passing fees on BTC, there is no future for them.

+1 This sound convincing, but honestly, I don't know if there is an active investigation or if the service has decided to shut down.
The only document published is a fraud lawsuit against several entities, including eXch, requesting that they freeze the coins.
https://dockets.justia.com/docket/new-jersey/njdce/2:2025cv01805/564066.

Huge difference between inquiries, a subpoena, and an active case.
Probably the team got hundreds of them, the whatever entity was conducting the inquiry just didn't get public, the above is a lawsuit from a party of victims, it has to go through public since it's a process in court, a prosecution case is secret until it's filed with a court.

[bitmover]

but nobody was buying Argentine's debt as an investment 
Investment and utility have gone their separate ways, just like these two coins.

Maybe not were you leave, but some people are buying Argentina bonds. More everyday. This is why the price is going up since milei joined...

[Stompix]

Maybe not were you leave, but some people are buying Argentina bonds. More everyday. This is why the price is going up since milei joined...

Call it gambling, better, 9.5% in Euro-denominated debt is not investing, is betting 
But anyhow, you know what I meant, one coin has utility as a payment currency, the other is promising returns based on, god knows what Buttercup has in mind now.
It's like comparing silver coins with stocks back in the day before ww1.

[bitmover]

A few other cryptocrrencies are basically here to stay, like Litecoin, BCH, Tron, and Doge.

Seriously? Seriously?
Well, at least one can be happy you didn't say BSV, but still BCH?
Litecoin is on life support from Doge, BSV and BCH only served as by passing fees on BTC, there is no future for them.

I agree with almost everything NotATether, but i agree with stompix about bch.

Remember the BSV is the true BCH 

Also, even though xmr and eth are not going anywhere,  their price may go down or even in circle ... as they are now, respectively

[bitmover]

Maybe not were you leave, but some people are buying Argentina bonds. More everyday. This is why the price is going up since milei joined...

Call it gambling, better, 9.5% in Euro-denominated debt is not investing, is betting 
But anyhow, you know what I meant, one coin has utility as a payment currency, the other is promising returns based on, god knows what Buttercup has in mind now.
It's like comparing silver coins with stocks back in the day before ww1.

Ofc bonds in Europe are much more solid than bonds in Argentina. But you are thinking the wrong way.

Emerging markets pay way higher interest rates. If you had put money in Argentina 2 years ago, you would probably have made more money than investing in cryptocurrencies.

Additionally, Argentina is basically the only country in the world which is trying to reduce government debt instead of increasing it
 Europe, specially Germany, already said they will spend much more money than they have. Argentina isn't doing that. It is reducing debts over the years .

[Stompix]

Europe, specially Germany, already said they will spend much more money than they have. Argentina isn't doing that. It is reducing debts over the years .

Germany was issuing negative bonds in 2022, they have 280 billion locked in negative for 15 and 30 years, wouldn't you take debt at those rates? 

Ofc bonds in Europe are much more solid than bonds in Argentina. But you are thinking the wrong way.
Emerging markets pay way higher interest rates. If you had put money in Argentina 2 years ago, you would probably have made more money than investing in cryptocurrencies.

And if I put them in 4 or 9 or 17 years ago, I would have a flat...zero
Reducing the deficit doesn't mean they can afford to service debt, that's why nobody is afraid of Japan not paying their debts even at 200% GDP while nobody would lend a penny to Ethiopia, which failed to issue bonds on just 35% debt ratio, lower than any country in the EU.

No, sorry, every time Argentina does something good with its economy it's just a sign that something worse will come.

Anyhow we're going off-topic here

[dkbit98]

And ethereum is not sinking as much as monero. It used to be top 7 coin. Now it is about 30?
Ethereum continues strong at 2nd.

Are you for real?! 
It's super easy for everyone to check the charts and see that Monero is up over 103% in one year,  and ethereum is down over 46% in one year.
Ethereum is a sinking ship and everyone is constantly dumping staking rewards and Vitalik foundation is selling.

Let's get back on topic guys.
I know eXch is shutting down, but that doens't mean we should turn this topic into different coin discussion.
New exchange should replace eXch and they should try to do something better in future.
 

[bitmover]

And ethereum is not sinking as much as monero. It used to be top 7 coin. Now it is about 30?
Ethereum continues strong at 2nd.

Are you for real?! 
It's super easy for everyone to check the charts and see that Monero is up over 103% in one year,  and ethereum is down over 46% in one year.
Ethereum is a sinking ship and everyone is constantly dumping staking rewards and Vitalik foundation is selling.

I think you never looked those coins in the coinmarketcap. You are just repeating what is all over the internet about ethereum bad performance or whatever...

But ethereum was worth $300 in 2017, same as XMR.

XMR is now 260 and ETH is 1800... ETH price was like 6x and monero -40%

And you call eth a sinking ship? lol

New exchange should replace eXch and they should try to do something better in future.

I don't think it will be better.... the new exchange will probably have to comply with regulations in a way eXch didnt.