KYC level
None — no account
Wagyu verified 1h ago
XMR ↔ Hyperliquid bridge · custodial IOU model, but contractually requires a court order before any freeze or seizure · since 2025
Verification criteria
⚠ Recorded incidents
major
2026-05-10 Unproven allegation
Unresolved
Rug-pull allegations: Wagyu's bridge and UI went down in May 2026; XMR1 swap routes reportedly stopped working, sparking rug-pull claims on Reddit (r/CryptoCurrency) and X. Developer stated funds were safe and withdrawals still worked via Hyperliquid Terminal. No confirmed loss figure or affected-wallet list published. Unproven allegation. Source: KYCnot, startupfortune
minor
2026-04-22 Event
Patched / fixed
DPRK/sanctions pause: swaps temporarily paused over a DPRK-linked deposit concern. Handled credibly per reviewers, resolved. Source: xmr.club
major
2026-06 Event
Ongoing
Service degraded: "Swaps into XMR temporarily paused" on the ANY→XMR unwind path; users can move XMR into an XMR1 balance but not currently unwind back to native Monero. Not functioning as advertised. Source: xmr.club (2026-06)
minor
2026-05 Event
Ongoing
Operator trust concern: founder @PerpetualCow publicly stated "nothing worth owning in crypto aside from $HYPE" (incl. Monero); prior $COW/Fwog.fun community handling (promote → relaunch → deleted Telegram 2026-05-18) raises alignment questions. Source: xmr.club
Posture
Custody
Custodial
Logging policy
Minimal
Data collected
None
JavaScript
Required
Open source
No
Frozen-funds policy
Refunds, never freezes
Blocked jurisdictions
CU · IR · KP · UA-43 · UA-14 · UA-09 · UA-65 · UA-23
Privacy — Exchange
Swap mechanism
Bridge
Own reserve (fewer third parties)
Yes
No deposit-address reuse
No
Details
Supported assets
XMR · BTC · ETH · USDT · USDC · SOL · BNB
Fee min (%)
1%
Fee max (%)
2%
API available
Yes
Rate type
Float
Reliability
30-day uptime
96.9%
Incident history
4 recorded, 1 resolved