Hacks & Security Unverified First seen 2026-10-05 12:13 UTC

ZachXBT traces $332K USDC freeze and $3M fraud funds to Huione

ZachXBT says he identified onchain a 2024 freeze of 332K USDC from the Poloniex exploit, after Jimmy mentioned a team with around $300K frozen. He also says he traced $3M in fraud proceeds to a Huione Guarantee hot wallet that has since been sanctioned, with its former chairman arrested.

Why “Unverified”

Reported by ZachXBT alone, with no second source or primary confirmation yet

1 independent source group across 1 post · evidence score 81/100. How labels work

What the sources claim

ZachXBT identified onchain a 2024 freeze of 332K USDC from the Poloniex exploit, after Jimmy mentioned a team with around $300K frozen. USDC

“the actual amount was 332K USDC from the Poloniex exploit”
ZachXBT
ZachXBT traced $3M in fraud proceeds for a different client to a hot wallet for Huione Guarantee, which has since been sanctioned and whose former chairman was arrested.

“I traced those funds to a hot wallet for Huione Guarantee, which has since been sanctioned”
ZachXBT

Sources

ZachXBT security 2026-10-05 12:13 UTC
10/ Jimmy mentioned that a team he knew had around $300K frozen in 2024. I identified the freeze onchain, and the actual amount was 332K USDC from the Poloniex exploit.

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Summary and claims extracted by deepseek/deepseek-flash with prompt analyze-story@3 on 2026-10-05 12:20 UTC. Labels are computed from the sources, not by the model.