ZachXBT: Wallet linked to HashFlare scam moves $18.5 million in ETH after 3.5 years of dormancy

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