PANews, June 22 – According to ZachXBT, a wallet linked to the $575 million HashFlare investment fraud scheme transferred 10,600 ETH, worth approximately $18.5 million, about three hours ago after being dormant for 3.5 years. The funds were then moved from Ethereum to Bitcoin via HiFiSwap and Near Protocol’s Intents feature, and instant swap services have begun to be used for money laundering. Previously, Hashflare co-founders Sergei Potapenko and Ivan Turõgin pleaded guilty in 2025 and forfeited $450 million in assets to the U.S. government.