ZachXBT Ties FreedomXMR Inflows to Suspected Illicit Funds

Blockchain investigator ZachXBT said more than 87% of the value flowing into FreedomXMR was linked to suspected illicit activity, according to findings he published on October 20. He also said he traced more than $20 million in transfers to incidents involving ransomware, exploits, malware and social engineering. The percentage refers to the value of inflows, not the share of transactions. The $20 million figure comes from a narrower review: ZachXBT said he manually examined historical deposits exceeding $10,000 and traced funds associated with identified incidents. The figures describe different measures and should not be read as FreedomXMR’s total lifetime volume. Among the incidents he identified were cases connected to DCENT Wallet, Fetch.ai and Axelar, as well as an unnamed ransomware payment and an October exploit involving Gamdom. The findings and transaction attributions are ZachXBT’s; the reported tracing does not independently establish the identity of the service’s operators or prove criminal conduct by other entities named in the investigation. FreedomXMR, which uses the FXMR ticker, appeared on Hyperliquid Core in August 2026. ZachXBT said the service’s...