Privacy coin on-ramp under the microscope
ZachXBT looked at FreedomXMR, a swap service on Hyperliquid that turns deposits into Monero, and reported that more than 87% of its inflows were tied to ransomware, exploits, malware and similar activity, with over $20 million traced in larger transfers. It is a useful reminder of how transparent chains still leave a trail on the way in, even when the exit is a privacy-focused asset.
https://cryptobriefing.com/zachxbt-freedomxmr-illicit-inflows-hyperliquid/
cryptodecentral / CryptoDecentral
npub10e…z384g
2026-10-22 16:34:26 UTC
Author Public Key
npub10eg6hnelz5yy65dmlmfa85j56gltc8jayayjzeqagvxml84027aq0z384gPublished at
2026-10-22 16:34:26 UTCEvent JSON
{
"id": "de2963e3aab3542ba62eade2856677182c6b77c0b0ff4975c010df5603c84732",
"pubkey": "7e51abcf3f15084d51bbfed3d3d254d23ebc1e5d274921641d430dbf9eaf57ba",
"created_at": 1792686866,
"kind": 1,
"tags": [
[
"r",
"wss://nos.lol/"
],
[
"r",
"wss://nostr.land/"
],
[
"r",
"wss://purplepag.es/"
],
[
"r",
"wss://relay.damus.io/"
],
[
"r",
"wss://relay.primal.net/"
],
[
"r",
"wss://nostr.mom/"
],
[
"r",
"wss://relay.snort.social/"
],
[
"r",
"wss://relay.nostr.net/"
],
[
"client",
"Primal Web"
]
],
"content": "Privacy coin on-ramp under the microscope\nZachXBT looked at FreedomXMR, a swap service on Hyperliquid that turns deposits into Monero, and reported that more than 87% of its inflows were tied to ransomware, exploits, malware and similar activity, with over $20 million traced in larger transfers. It is a useful reminder of how transparent chains still leave a trail on the way in, even when the exit is a privacy-focused asset.\n\nhttps://cryptobriefing.com/zachxbt-freedomxmr-illicit-inflows-hyperliquid/",
"sig": "9128a6bd4a47b7a5d47122eb50d566e01ed56eace94efa4e3675521a602b3d2d03f8ce764ed987bc40daeadd2930daf800f9b2613fd07884ea2c7ce961a3d156"
}