Dormant HashFlare Fraud Wallet Moves $18.5M In ETH After 3.5 Years
22 Jun 2026 · 11:11 UTC · Crypto Adventure RSS Feed · Original source
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Summary
An Ethereum address linked to the HashFlare fraud has moved 10,600 ETH, valued at approximately $18.5 million, after being inactive for over three years. This activity was reported by onchain investigator ZachXBT.
Why it matters
The transfer from a known fraud wallet could trigger fears of market manipulation or sudden sell-offs, particularly affecting altcoins. While Bitcoin may also see some impact, it is generally more resilient to such events. The credibility of the source reporting this incident is low, which adds uncertainty to the potential impact on the market.
Expected impact
The movement of $18.5 million in ETH from a dormant fraud wallet is likely to create a negative sentiment in the market, especially among altcoins. Traders may react with caution, leading to increased volatility as concerns about potential sell-offs arise.