THE STREET · 2026-11-10 15:51 UTC

Binance hackers turn to Elon Musk memecoins to hide $6.3 billion

North Korea-linked launderers created worthless memecoins on NEAR, Tron and Solana and routed stolen Binance funds through decentralized exchange pools built around them, according to Elliptic. One NEAR token used an 'Elon 2028 President' banner, though Elliptic says there is no suggestion Musk has any connection to the tokens. Binance put the Oct. 29 attack's impact at $6.34 billion, while Elliptic puts it at $6.43 billion; about $2.85 billion has been frozen and Elliptic believes roughly $3.0 billion remains in linked addresses.

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