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North Korean Hackers Create Memecoins to Launder $6.3 Billion from Binance Heist

North Korean Hackers Create Memecoins to Launder $6.3 Billion from Binance Heist

Binance hackers made memecoins to launder stolen crypto
Binance hackers made memecoins to launder stolen crypto

Binance hackers used memecoins to launder stolen crypto after the US$6.3 billion theft, Elliptic said.

North Korea is making Elon Musk memecoins to launder $6.3bn stolen from Binance
North Korea is making Elon Musk memecoins to launder $6.3bn stolen from Binance

TraderTraitors create ‘Elon 2028 President’ cryptocurrency to confuse investigators

Binance Hackers Made Memecoins to Launder Stolen Crypto

The hackers who stole $6.3 billion from Binance Holdings Ltd. in crypto’s biggest ever heist have turned to one of the sector’s most gimmicky assets to launder a slice of the proceeds: memecoins.

Elliptic: North Korean hackers use memecoins to launder Binance hack funds
Elliptic: North Korean hackers use memecoins to launder Binance hack funds

North Korean-linked hackers reportedly used newly created memecoins on the NEAR blockchain to launder funds stolen in Binance’s high-profile incident, according to a report by blockchain analytics...

North Korean hackers create memecoins to launder funds from Binance hack: Elliptic
North Korean hackers create memecoins to launder funds from Binance hack: Elliptic

The blockchain firm traced stolen funds through six new tokens on NEAR, where hackers used liquidity pools to obscure transfers between wallets.

North Korean hackers are creating memecoins to wash loot from $6.3 billion Binance hack
North Korean hackers are creating memecoins to wash loot from $6.3 billion Binance hack

North Korean hackers used six homemade memecoins to launder 117,000 NEAR, worth about $430,000, from the $6.3 billion Binance hack, Elliptic says.

North Korean Hackers Laundered Binance Hack Funds via NEAR Meme Tokens: Elliptic
North Korean Hackers Laundered Binance Hack Funds via NEAR Meme Tokens: Elliptic

Elliptic says North Korean-linked hackers used six short-lived meme tokens on NEAR to launder approximately 117,000 NEAR from the October Binance hack.

Binance Hack Launderers Mint Elon Musk and Animal Meme Coins to Move Stolen Crypto
Binance Hack Launderers Mint Elon Musk and Animal Meme Coins to Move Stolen Crypto

Elliptic says the hackers are minting their own worthless tokens—complete with cartoon animal and Elon Musk logos—and routing stolen funds through liquidity pools to break the trail.

North Korea's Hackers Behind the Binance Heist
North Korea's Hackers Behind the Binance Heist

North Korea grooms 200 students a year for hacking, defectors say, and rewards the elite behind the $6.3 billion Binance heist.

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