Three hours ago 10.6K ETH ($18.5M) moved from an address linked to the $575M Hashflare investment fraud after sitting dormant onchain for 3.5 yrs.

In 2025 both co-founders Sergei Potapenko and Ivan Turogin plead guilty and forfeited $450M of assets to the US government.

The entity began laundering funds via HiFiSwap and Near Intents from Ethereum to Bitcoin and began using two instant exchanges.

H/t to Cyvers for helping first flag these movements to me.

Hashflare address
0xff575a22975cc413771825eb84c163189a4d5d22
Hashflare transfer
0xd0eafd5c03b24c2f54c579745cacbffe4c6df2d19973e55d52a5f40aa1d089e0
Recipient address
0xc82f007bb4096a47d14ed0d46ee8143d37539d04
0x3297a41f528345c3b97af8c6ffe1401cc07b2527