🚨 North Korean Hackers Use Memecoins to Launder Binance Stolen Funds
Blockchain analytics firm Elliptic reports that North Korean hackers created six new memecoins on the NEAR blockchain to launder money from the $6.4 billion Binance hack.
Between Nov 5 and 7, the group moved approximately $430,000 through liquidity pools on decentralized exchanges. By swapping stolen NEAR for these fake tokens and then selling them back, they avoided direct wallet-to-wallet transfers to obscure the onchain trail.
The tokens attracted almost no legitimate trading and were abandoned immediately after the swaps. Elliptic noted this technique was previously used to move $24 million following the Bybit hack in 2025, using the TRON network.
Currently, about 11.8 million NEAR (worth $43.7 million) from the Binance exploit remains unmoved in hacker-controlled wallets.
#Binance #NEAR #CryptoHack #Laundering
Blockchain analytics firm Elliptic reports that North Korean hackers created six new memecoins on the NEAR blockchain to launder money from the $6.4 billion Binance hack.
Between Nov 5 and 7, the group moved approximately $430,000 through liquidity pools on decentralized exchanges. By swapping stolen NEAR for these fake tokens and then selling them back, they avoided direct wallet-to-wallet transfers to obscure the onchain trail.
The tokens attracted almost no legitimate trading and were abandoned immediately after the swaps. Elliptic noted this technique was previously used to move $24 million following the Bybit hack in 2025, using the TRON network.
Currently, about 11.8 million NEAR (worth $43.7 million) from the Binance exploit remains unmoved in hacker-controlled wallets.
#Binance #NEAR #CryptoHack #Laundering