ZachXBT: Over 87% of FreedomXMR on Hyperliquid flows into illegal activities

Chain investigator ZachXBT pointed out that over 87% of FreedomXMR on Hyperliquid was involved in suspicious illegal activities, and over $20 million in funds can be traced back to ransomware, vulnerability exploitation, and malware attacks. FreedomXMR appeared in August 2026, and its code was sold on July 27th at a Hyperliquid Dutch auction for 518.28 HYPEs (approximately $28000). ZachXBT has submitted historical inflow data for single transactions exceeding $10000 to the Hyperliquid team, and currently the protocol has not taken any enforcement action or restricted accounts.