ZachXBT Uncovers $20M in Illicit Funds Linked to FreedomXMR on Hyperliquid
Crypto investigator ZachXBT has traced over 87% of FreedomXMR inflows on Hyperliquid to illicit activities, amounting to more than $20 million.
Crypto investigator ZachXBT has traced over 87% of FreedomXMR inflows on Hyperliquid to illicit activities, amounting to more than $20 million. Hyperliquid (HYPE) is trading at ₹7,481 ($78.70), up 0.5% since this brief published. This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Tue, 20 Oct 2026 13:45:01 UTC.
This investigation highlights significant money laundering risks on decentralized exchanges and raises concerns about the transparency of privacy-focused cryptocurrencies like Monero.
- ZachXBT traced $20M+ FreedomXMR inflows to hacks and ransomware.
- Over 87% of inflows on Hyperliquid linked to illicit activities.
- Discovery raises concerns about Monero's use in money laundering.
Crypto investigator ZachXBT has revealed that a significant portion of FreedomXMR transactions on the decentralized exchange 
Hyperliquid are tied to illicit activities. According to the investigation, over 87% of the inflows, totaling more than $20 million, have been traced to criminal operations, including hacks and ransomware payments.
The findings highlight the potential risks associated with privacy-focused cryptocurrencies like Monero, which are often used for their anonymity features. This raises concerns about the ease with which such coins can be exploited for money laundering and other illegal activities.
The investigation also underscores the challenges faced by decentralized exchanges in monitoring and preventing illicit transactions. Despite the transparency of blockchain technology, privacy coins can complicate the tracking process, making it difficult to enforce regulatory measures.
Hyperliquid's total value locked (TVL) currently stands at $317.44 million, according to DeFiLlama, marking a 1.1% decrease over the past week. The platform's native token, HYPE, is trading at $78.28, down 1.84% in the last 24 hours and 4.36% over the past week, with a market cap of $17.41 billion.
The broader crypto market is experiencing a downturn, with the total market cap at $2.8 trillion and 
Bitcoin down 1.38% in the last 24 hours. The Fear & Greed Index is at 55, indicating a state of 'Greed' among investors.
Since this brief published about 50 minutes ago, Hyperliquid (HYPE) has moved from ₹7,440.71$78.28 to ₹7,480.63$78.70 — +0.54%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₹8,127.74 (about $78.70), down 0.8% over 24 hours. The rupee itself trades about 8.7% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 20, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
ZachXBT Uncovers $20M in Illicit Funds Linked to FreedomXMR — questions & answers
What did ZachXBT discover about FreedomXMR on Hyperliquid?
ZachXBT found that over 87% of FreedomXMR inflows on Hyperliquid are linked to illicit activities, totaling more than $20 million.
How does this affect Monero?
The investigation raises concerns about Monero's use in money laundering due to its privacy features.
What is the current state of Hyperliquid's TVL?
Hyperliquid's TVL is $317.44 million, down 1.1% over the past week.
How much is 1 Hyperliquid worth in rupee today?
About ₹8,127.74 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $78.70. The rupee price moves with both HYPE's US-dollar price and the USDT/INR rate; use our Hyperliquid in rupee page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is up 0.54% since this brief first published — trading at ₹7,481 ($78.70) now versus ₹7,441 ($78.28) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.