Crypto exchange eXch has denied involvement in money laundering for North Korean group Lazarus following the $1.4 billion Bybit hack on Feb. 21.
In a statement posted on the Bitcointalk forum on Feb. 23, eXch team claimed that they are "not laundering money for Lazarus/DPRK," and assured that all funds are safe and that their operations have not been affected by the Bybit hack.
In an earlier forum post, the platform criticized those who suggested otherwise, accusing them of spreading fear, uncertainty and doubt (FUD). However, eXch acknowledged processing an "insignificant portion of funds" related to the attack.
"The insignificant portion of funds from the Bybit hack eventually entered our address 0xf1da173228fcf015f43f3ea15abbb51f0d8f1123 which was an isolated case and the only part processed by our exchange, fees from which we will be donated for the public good," explained the eXch team.