POPA ReconZachXBT: Over 87% of Inflows to FreedomXMR, a Laundering Service on Hyperliquid, Linked to Illicit Activity
ZachXBT: Over 87% of Inflows to FreedomXMR, a Laundering Service on Hyperliquid, Linked to Illicit Activity On-chain investigator ZachXBT reported that over 87% of inflows to FreedomXMR (FXMR), a centralized money laundering service that emerged on Hyperliquid Core in August 2026, are directly linked to illicit activity. A review of historical inflows exceeding $10,000 per transaction traced more than $20 million to ransomware, exploits, and social engineering attacks, including incidents involving DCENT Wallet, Fetch ai, Axelar, and Gamdom. The investigation also found that FXMR's administra…
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