THE BLOCK · 2026-11-09 15:54 UTC

Binance hack launderers mint homemade Elon Musk, animal memecoins to move stolen funds: Elliptic

Elliptic traced about 117,000 NEAR, worth roughly $430,000 at the time, into six newly created memecoins launched between Nov. 5 and Nov. 7. Liquidity pools were used to separate buying wallets holding stolen funds from collecting wallets, so the flows look like ordinary trades. The same tactic moved around $24 million after the 2025 Bybit hack, and the tokens have since been abandoned.

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