EXch Still Active After Announced Closure, Said TRM Labs

eXch the cryptocurrency mixer was based in the Czech Republic and 1st began its services in 2014, but most recently after facing severe allegations of being involved in the laundering process of funds that have been stolen from a known centralized cryptocurrency exchange, the mixer announced a shutdown the end of April this year.

However, there are claims of eXch still operating behind the curtains, as per the recent report from TRM Labs underlines that the mixer is still seen providing application programming ecosystem access to its business associates

It is worth noting that the on-chain analysis firm, TRM Labs, has observed activities on blockchain that suggest a continued laundering attitude

The report by TRM Labs quotes, “ We have identified that eXch has been exposed to more than USD 300,000 in CSAM-related funds.”

What dragged eXch in the middle of a CEX hack?

eXch came into the spotlight at the beginning of 2025 when popular centralized exchanges were hacked for billions of dollars, and following which cryptocurrencies worth billions of dollars were reportedly laundered using eXch

Crystal Intelligence a blockchain investigation firm mentioned in its reports that Lazarus Group of North Korea has used eXch to launder around 29,000 Ethereum around $35 to $90 million on other cryptocurrencies.

Law enforcement looked at the eXch because of its no-KYC policy and combining services, which made it appealing for hiding transaction trails. The crypto mixer was under pressure to shut down on May 1, 2025, following transatlantic investigations into money laundering and terrorism financing.

With platforms like Mixero.io supporting both Bitcoin and Ethereum and providing sophisticated privacy options, mixers are still important today Fees vary from 0.5% to 7%, and mixers based on CoinJoin, such as Whirlpool and Wasabi Wallet, are renowned for their dependability

Legal issues still exist, though, because some nations outlaw the use of custodial mixers and others, like the United States, classify them as money transmitters under the Bank Secrecy Act.

Crypto market price updates

As of writing, the crypto market cap was $2.98 trillion with a slight decline of 0.87%, and in the same frame, the trading volume is up by 16%, reaching $55.96 billion

Bitcoin is exchanging hands at $94,428 with an intraday decline of 1.09% and its market cap reached $1.87 trillion with a loss of 1.08%, trading volume is $21.17 billion with a surge of 34.32%

According to CoinMarketCap, the intraday gainers list is ruled by Core, Virtual Protocol, Pudgy Penguins, Walrus, Four, Sui, Bonk, Flare, Monera, Kaspa, Bittensor, Story, and Litecoin.

However, the losers are Ethereum Name Service, Artificial Superintelligence Alliance, Toncoin, Nexo, Mantle, Kaia, Stacks, Ethereum Classic, and Ethena.