North Korean hackers are routing proceeds from the Binance breach through six newly created memecoins on the $NEAR blockchain.
Elliptic traced the activity to liquidity pools that mix wallet transfers and reduce direct traceability.
The hackers deploy scripted automation and DeFi lending protocols to move value in small increments over extended periods.
Binance customers whose assets were taken face prolonged uncertainty while the funds remain in motion across decentralized venues.
Chainalysis and Elliptic both state the full laundering cycle is expected to stretch across several months.
It remains unclear how much of the original amount will ultimately reach final destinations outside blockchain monitoring.
Source: Cointelegraph
#Binance � #Near #Elliptic #CryptoSecurity #northkorea
Elliptic traced the activity to liquidity pools that mix wallet transfers and reduce direct traceability.
The hackers deploy scripted automation and DeFi lending protocols to move value in small increments over extended periods.
Binance customers whose assets were taken face prolonged uncertainty while the funds remain in motion across decentralized venues.
Chainalysis and Elliptic both state the full laundering cycle is expected to stretch across several months.
It remains unclear how much of the original amount will ultimately reach final destinations outside blockchain monitoring.
Source: Cointelegraph
#Binance � #Near #Elliptic #CryptoSecurity #northkorea
