is exch.cx safe?

[examplens]

If there’s an alternative service available, it’s better to use that instead of eXch.

There aren't many true no-KYC exchanges.

there’s always a chance their operations will be shut down.

A very short period during the transaction when the funds are on eXch, it is mostly only until the first confirmation. After that, the funds go to the user's deposit address. Even if there was a hack or a shutting down exchange for any reason, the losses for the users themselves would not exist or would be accidental.

[Sekhmet_]

unnecessary FUD

Let's say you're not just a competitor trying to spread FUD and damage eXch's reputation:

1. I don't see eXch's address mentioned in the FBI alert.
2. I don't see eXch's name there either.

Secondly, don't you think that the ONLY people responsible for this entire situation are Bybit, who were unable to protect their funds? Why not spending your energy blaming those who deserve to be blamed?

At the moment, I'm inclined to believe that eXch has provided some good explanations, as can be found in this article: https://decrypt.co/307430/bybit-funds-on-the-move-could-be-headed-for-bitcoin-mixers-next-elliptic

In a statement to Decrypt, eXch acknowledged that it had received a request from Bybit to blacklist some addresses, and that, "There were indeed some deposits processed by us, which was vastly a minor part of the total amount of stolen 90000 ETH." The exchange explained that "our AML screening provider, which is a third-party service, had outdated data on the ByBit exploiter addresses for approximately around 12 hours."

eXch went on to argue that this was as a result of Elliptic having refused it as a customer "due to the fact that we are a non-KYC accountless exchange aiming to preserve privacy of our users," accusing the tracking firm of having "elitist policies." The exchange further claimed that it had "implemented comprehensive measures to actively combat money laundering and terrorism financing."

Bybit has created a new website where eXch is the only service listed in the Bad Actors category. According to this website, nearly $100 million from this hack has been laundered through eXch.
https://www.lazarusbounty.com/en/detail?entity=eXch

Lmao, this very link tells us that ChangeNOW is a "good actor", it speaks for itself, we can't take this team seriously, they'd do better to use their bounty money to improve their safety and train their team to be at least a little more competent (or less incompetent if you prefer)...

Funny, your name is "Not ZachXBT" but you seem to share the same amateurism as he does, and the same frustration against a non-KYC exchange that respects its users security and privacy.
All those twitter whitehats who supposedly work for the “security” of users are just waging a war of disinformation against the ONLY ones that have never posed a security problem for their users, pretty strange... Isn't it?
Continue to pick up the bounty crumbs, but leave alone those who have never needed to organize a bounty hoping to get back their users funds.

[eXch Support]

Dear users,

We have halted ETH and ERC20 deposits for next 48 hours.

Thank you for undestanding.

[hugeblack]

Dear users,

We have halted ETH and ERC20 deposits for next 48 hours.

Thank you for undestanding.

Good move, will there be any update to Refunds section (https://exch.cx/tos) or any updates regarding AML?
This topic has become off-topic so re-opening ANN might be helpful.

[examplens]

Dear users,

We have halted ETH and ERC20 deposits for next 48 hours.

Thank you for undestanding.

Good move, will there be any update to Refunds section (https://exch.cx/tos) or any updates regarding AML?

I guess there will be no major changes in the AML policy here. At least there won't be any possibility of KYC conditioning.

eXch used to rely a lot on the ETH/ERC20 network; now, the activity is down to BTC/XMR only and a bit of LTC. Maybe it's time to think about adding other networks.

[examplens]

Is ETH working now?

It seems so. There are no warnings on their system status page. https://exch.cx/status
It is probably better to leave such questions in their ANN thread, where they are officially much more present eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20

[NotATether]

Lmao, this very link tells us that ChangeNOW is a "good actor", it speaks for itself, we can't take this team seriously, they'd do better to use their bounty money to improve their safety and train their team to be at least a little more competent (or less incompetent if you prefer)...

It's almost like all of these exchanges and investigators are detached from reality. Do they even read the dozens of scam accusations on this forum against ChangeNOW? Or do they just get swept under the rug because nobody reads Bitcointalk?

But there really is no excuse for this as this forum is not the only place they have angry customers - check trustpilot for example.

[Zwei]

Lmao, this very link tells us that ChangeNOW is a "good actor", it speaks for itself, we can't take this team seriously, they'd do better to use their bounty money to improve their safety and train their team to be at least a little more competent (or less incompetent if you prefer)...

It's almost like all of these exchanges and investigators are detached from reality. Do they even read the dozens of scam accusations on this forum against ChangeNOW? Or do they just get swept under the rug because nobody reads Bitcointalk?

they don't care, neither do the investigators, it's as simple as that.

one search online and you can find ChangeNOW, FF and the like have been selectively scamming people for years under the excuse of "tainted coins". anyone who says they are good is either in bed with them as an affiliate or a partner, or they are just clueless idiots.
so no wonder they think they are untouchable.

also call me paranoid, but the reason they ask for so much KYC/AML papers is not to follow regulations, but to check if you are a risky victim or not.
if you are well off, from a country that has strong crypto protection, they give your money back.
if you are from a country that doesn't care or crypto is illegal, don't have money to lawyer up and go after them, they take your money.

[examplens]

Lmao, this very link tells us that ChangeNOW is a "good actor", it speaks for itself, we can't take this team seriously, they'd do better to use their bounty money to improve their safety and train their team to be at least a little more competent (or less incompetent if you prefer)...

It's almost like all of these exchanges and investigators are detached from reality. Do they even read the dozens of scam accusations on this forum against ChangeNOW? Or do they just get swept under the rug because nobody reads Bitcointalk?

But there really is no excuse for this as this forum is not the only place they have angry customers - check trustpilot for example.

As long as their users don't read Bitcointalk, they have no problem with anything from here. Their weakest reality point seems to be the X network and the accusations there.
A lot of them respond to me there and present themselves as very serviceable.

[EarnOnVictor]

"Lazarus Group transferred 5K ETH from the Bybit Hack to a new address and began laundering funds via  eXch (a centralized mixer) and bridging funds to Bitcoin via Chainflip.

5K ETH transfer on Feb 22, 2025 6:28:23 AM
0xbf80907830e46317da2c1708a13a9f016e242f8a6db6e6b0706ea5f2328cb001 (https://etherscan.io/tx/0xbf80907830e46317da2c1708a13a9f016e242f8a6db6e6b0706ea5f2328cb001)

Bitcoin destination address via Chainflip
bc1qlu4a33zjspefa3tnq566xszcr0fvwz05ewhqfq (https://blockchair.com/bitcoin/address/bc1qlu4a33zjspefa3tnq566xszcr0fvwz05ewhqfq)" - Zachxbt

Though nothing has been done about the money stolen from Bybit, one thing that is sure is that the beam of many cyber security experts and trackers are on the funds, that is why cases like this can be detected. I also read how a certain group managed to intercept 100,000 USDT of the money last month. But all these are tiny pieces of the money and no one can blame exch for a little exchange of 5 ETH (≈$9,250), as it can't be a direct transaction.

Does this mean one way or another the same stolen 5k ETH will be given to other users?

No, I guess that's a collateral expense, hackers do a lot just to get away with the money.