PANews|Jun 22, 2026 10:53
[ZachXBT: Hashflare Scam-Linked Address Moves $18.5M in ETH After 3.5 Years of Inactivity]
According to ZachXBT, a wallet associated with the $575 million HashFlare investment scam transferred 10,600 ETH, worth approximately $18.5 million, about three hours ago after 3.5 years of inactivity. The funds were subsequently moved from Ethereum to Bitcoin using HiFiSwap and the Intents feature of the Near Protocol, and laundering activities began through instant exchange services. Previously, Hashflare co-founders Sergei Potapenko and Ivan Turõgin pleaded guilty in 2025 and surrendered $450 million in assets to the U.S. government.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink