North Korean Hackers Are Creating Memecoins to Wash Loot From $6.3 Billion Binance Hack

Binance hack launderers use memecoins to move $430K

North Korea-linked launderers have created throwaway memecoins to move roughly $430,000 from the $6.4 billion Binance hack through decentralized exchange pools, according to Elliptic. Elliptic, in a Nov. 9 report by Tom Robinson, said the operators minted FUK, OLCCL, MEILI,…

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 Flip Stolen Binance Funds Into NEAR Meme Coins

North Korea is using freshly minted NEAR meme coins to launder funds from the $6.4 billion Binance hack.

North Korean Hackers Prompt DeFi Screening Warning

TLDR Elliptic traced approximately 117,000 stolen NEAR through six disposable memecoins. Each token cost approximately $90 to create, according to Elliptic. Separate wallets used decentralized liquidity pools to transfer stolen assets indirectly. Outside buyers accounted for less than 1% of one token’s trading volume. Elliptic found no further trading in the six tokens after November [...]