ZachXBT: 87% of FreedomXMR funds tied to crime
- —FXMR won its Hyperliquid Core slot at auction for 518.28 HYPE, about $28,000 at the time
- —ZachXBT says the operator provides XMR liquidity via KuCoin, with over 3,000 deposits
- —Funds traced to ransomware, malware distribution and social engineering schemes
- —On-chain evidence was passed to the Hyperliquid team
Why it matters: The findings question the lack of compliance screening for services listing on Hyperliquid Core and could trigger delistings or blocks.
Source: Cryptocurrency.tech