ZachXBT: Over 87% of FreedomXMR inflows on Hyperliquid tied to illicit activity
- —Over $20M of large FXMR inflows tied to exploits and ransomware
- —Sources include 2026 hacks of DCENT, Fetch.ai, Axelar and Gamdom
- —Operator sourced XMR liquidity via KuCoin with over 3,000 deposits
- —FXMR ticker was bought at Hyperliquid auction for 518.28 HYPE (~$28K)
Why it matters: The case shows how Hyperliquid's permissionless design is exploited for laundering; the data was shared with the project team.
Source: PANews