FreedomXMR, a centralized laundering service on Hyperliquid Core, has processed $20M+ from recent hacks and ransomware into Monero via KuCoin liquidity.

Regulation & Gov · 2026-10-20

FreedomXMR, a centralized service on Hyperliquid Core, has processed over $20M in illicit funds since August 2026, with 87% of its inflows tied to ransomware and recent exploits. The service converts these funds into Monero and sources liquidity from KuCoin to facilitate the transactions.

Previously on Telem

Project Issues Recovery Notice for 768.88 ETH Stolen October 19 2026-10-20
Hyperliquid launches Agentic Credit Score using paper trading data 2026-10-20
Elysium launches mainnet on Hyperliquid, November 9 2026-10-20
Hyperliquid Protocol Committee backs SEC Regulation Crypto Assets proposal 2026-10-20
Hyperliquid retail users lost $280M, fees over half 2026-10-19