The Bybit hack is tied in the excerpt to TraderTraitor, a DPRK threat group that used the no-KYC exchange eXch to launder almost $100 million from the stolen funds. eXch is described as an automated centralized exchange with Tor access, no registration, disabled IP logging, short-lived address retention, and mixed and aggregated address pools that make transaction tracing difficult. The platform supports assets including BTC, ETH, stablecoins, DASH, BTCLN, and Monero, and its privacy-focused design is presented as especially useful for laundering criminal proceeds after other mixers and major exchanges faced regulatory pressure. The finding matters for DPRK crypto-theft tracking because it identifies a specific cash-out and obfuscation service used after a major heist and explains why funds routed through it can become effectively untraceable.