ZachXBT indicates that over 87% of the inflow funds to FXMR are related to illegal activities
2026-10-20 20:11:52
According to CoinMeta, on-chain investigator ZachXBT pointed out that over 87% of the transaction volume of the centralized money laundering service FXMR is related to illegal activities. ZachXBT reviews revealed that more than 20 million US dollars in funds were traced back to ransomware, vulnerability attacks, and social engineering incidents, involving attacks on Dcent Wallet, Fetch.ai, Axelar, and Gamdom. FXMR administrators obtained Monero liquidity through KuCoin, and the relevant addresses deposited funds into KuCoin over 3000 times in total. The token was purchased through an auction on HyperLiquid on July 27, 2026, at a transaction price of 518.28 HYPE, which is approximately 28,000 US dollars. ZachXBT has shared the relevant data with the HyperLiquid team.
Source:Internet
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