Binance hackers used memecoins to launder stolen crypto after the US$6.3 billion theft, Elliptic said.
TraderTraitors create ‘Elon 2028 President’ cryptocurrency to confuse investigators
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.
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...
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 used six homemade memecoins to launder 117,000 NEAR, worth about $430,000, from the $6.3 billion Binance hack, Elliptic says.
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.
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 grooms 200 students a year for hacking, defectors say, and rewards the elite behind the $6.3 billion Binance heist.
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