As federal heat intensifies, crypto mixer eXch is ditching USDT and USDC stablecoins to escape the FBI’s tightening grip. The controversial platform announced plans to drop support for these centralized stablecoins by mid-2025, following accusations of laundering a whopping $94 million stolen during a Bybit hack. Not exactly small change.
U.S. authorities aren’t playing games. They’ve ramped up investigations into eXch’s alleged role in facilitating funds for North Korean hackers. Imagine being on the FBI’s naughty list for helping Kim Jong-un’s crew cash out. Yikes.
The mixer’s solution? Classic corporate evasion tactics. They’re restructuring operations by merging with an unnamed offshore entity, effectively telling U.S. regulators “catch me if you can.” The Belize-based infrastructure is getting dismantled faster than a kid’s LEGO tower.
Instead of USDT and USDC, eXch will support DAI, a decentralized stablecoin they claim is less vulnerable to blacklisting. Because nothing says “we’re totally legitimate” like specifically choosing coins that can’t be easily tracked or frozen. Blockchain investigators have noted that these changes coincide with ongoing law enforcement operations specifically targeting the platform.
The company has issued warnings to U.S. users: stay away or risk prosecution. How thoughtful. Meanwhile, they’re implementing dynamic addresses and enhanced anonymity tools to further obscure transaction trails. It’s like watching a digital shell game in real-time.
This all stems from the massive $1.5 billion Bybit hack, allegedly orchestrated by North Korean state-sponsored actors. Law enforcement claims eXch ignored requests to stop these activities. Shocking, truly.
The crypto mixer’s restructuring playbook includes protecting its founding team from legal consequences and implementing new Bitcoin transaction aggregation methods. Their enhanced privacy measures are clearly aimed at users seeking the digital equivalent of sunglasses and a fake mustache.
This shift represents a broader trend as crypto mixers face global crackdowns. For eXch, dropping USDT and USDC isn’t just a business decision—it’s survival strategy in an increasingly hostile regulatory landscape.
