Blockchain

ZachXBT flagged a $20 million XMR laundering ring on Hyperliquid.

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 20/10/2026, 16:23:26 UTC.

Briefings

A 2026 report indicates that over 87% of inflows to FreedomXMR, a Monero swap service on Hyperliquid Core, originated from illicit activity involving hacks and ransomware, with a specific $20M+ amount traced to these criminal operations.

Key points

• Over 87% of inflows to FreedomXMR were traced to illicit activity involving hacks and ransomware.
• $20M+ in funds were specifically traced to criminal operations via the FreedomXMR service.

Context

FreedomXMR is a Monero swap service operating on the Hyperliquid Core network, where the majority of transaction funds originated from unauthorized criminal transactions.

Limitations

The evidence is limited to a single snapshot from October 2026, covering only inflows to FreedomXMR, and does not include historical data or broader network-wide statistics.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 20/10/2026, 16:49:42 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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