A wallet associated with the $575 million HashFlare investment fraud scheme has transferred 10,600 ETH, valued at approximately $18.5 million, after 3.5 years of inactivity. The transaction occurred three hours ago, as reported by ZachXBT. The funds were converted from Ethereum to Bitcoin using HiFiSwap and Near Protocol's Intents feature, with instant swap services facilitating the laundering process. Hashflare co-founders Sergei Potapenko and Ivan Turõgin had previously pleaded guilty in 2025, forfeiting $450 million in assets to the U.S. government.
Dormant Hashflare Scam Wallet Moves $18.5M in ETH After 3.5 Years
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