ZachXBT: Wallet Linked to HashFlare Scam Transfers $18.5M in ETH After 3.5 Years of Dormancy

Odaily reported that according to monitoring by ZachXBT, a wallet linked to the $575 million HashFlare investment scam transferred 10,600 ETH, worth approximately $18.5 million, about 3 hours ago after remaining dormant for 3.5 years. The funds were subsequently moved from Ethereum to Bitcoin via HiFiSwap and the Intents feature of Near Protocol, and money laundering using instant exchange services began. Previously, HashFlare co-founders Sergei Potapenko and Ivan Turõgin pleaded guilty in 2025 and surrendered $450 million in assets to the U.S. government.