🚨 BREAKING: North Korea-linked hackers are reportedly using memecoins to move and launder funds stolen in the $6.4 billion Binance hack, according to Elliptic.
Between November 5 and 7, the hackers reportedly launched at least six memecoins on the NEAR network, spending roughly $90 to create each token.
They then moved around 117,000 NEAR, valued at approximately $430,000, through liquidity pools on decentralized exchanges.
Using this method can make tracking the movement of stolen funds more difficult. Elliptic says a similar laundering technique was also observed following the 2025 Bybit hack.
$COHRB
$INIT
$MVLLB
Between November 5 and 7, the hackers reportedly launched at least six memecoins on the NEAR network, spending roughly $90 to create each token.
They then moved around 117,000 NEAR, valued at approximately $430,000, through liquidity pools on decentralized exchanges.
Using this method can make tracking the movement of stolen funds more difficult. Elliptic says a similar laundering technique was also observed following the 2025 Bybit hack.
$COHRB
$INIT
$MVLLB
