COINTELEGRAPH · 2026-11-09 20:40 UTC

North Korean hackers create memecoins to launder funds from Binance hack: Elliptic

North Korean hackers created at least six memecoins on the NEAR blockchain between Nov. 5 and 7 to launder funds stolen in the $6.4 billion Binance hack, according to Elliptic. Roughly $430,000 was routed through the tokens via liquidity pools, with the hackers swapping stolen NEAR for the memecoins and back, which avoided direct wallet-to-wallet transfers. Elliptic found five of the six token creators were funded from earlier token sales minutes before each launch, and said about 11.8 million NEAR, valued at $43.7 million, remained unmoved.

Loading the story on Tree News…