🚨 North Korean Hackers Mint Custom Memecoins to Wash Binance Hack Loot!
Blockchain analytics firm Elliptic has uncovered a new obfuscation tactic following the historical $6.3B $BNB heist: state-sponsored North Korean actors created six custom memecoins on the NEAR Protocol to launder stolen assets.
🔑 Key Takeaways:
>> The Method: Hackers minted 6 self-created memecoins on NEAR DEXs, using one set of controlled wallets to buy the tokens with stolen $NEAR and a second set to sell them back for real crypto assets—disguising stolen loot as "trading profits."
>> The Volume: Approximately 117,000 $NEAR (valued at ~$430,000) was routed through these liquidity pools between Nov 5–7.
>> On-Chain Trail: Elliptic notes this tactic is designed to delay tracing rather than conceal it completely, creating multiple cheap transactional "layers" to slow down investigators.
As bad actors continuously shift strategies, active on-chain surveillance remains critical for tracking stolen funds across DEX ecosystems.
#writetoearn #Binance #CryptoNews #CyberSecurity #Web3
Blockchain analytics firm Elliptic has uncovered a new obfuscation tactic following the historical $6.3B $BNB heist: state-sponsored North Korean actors created six custom memecoins on the NEAR Protocol to launder stolen assets.
🔑 Key Takeaways:
>> The Method: Hackers minted 6 self-created memecoins on NEAR DEXs, using one set of controlled wallets to buy the tokens with stolen $NEAR and a second set to sell them back for real crypto assets—disguising stolen loot as "trading profits."
>> The Volume: Approximately 117,000 $NEAR (valued at ~$430,000) was routed through these liquidity pools between Nov 5–7.
>> On-Chain Trail: Elliptic notes this tactic is designed to delay tracing rather than conceal it completely, creating multiple cheap transactional "layers" to slow down investigators.
As bad actors continuously shift strategies, active on-chain surveillance remains critical for tracking stolen funds across DEX ecosystems.
#writetoearn #Binance #CryptoNews #CyberSecurity #Web3
