🕵️ North Korean hackers spin up memecoins to launder Binance hack loot
Blockchain analytics firm Elliptic says North Korean hackers created at least six new memecoins on NEAR between Nov. 5 and 7 to launder funds from the $6.3 billion Binance hack. They routed roughly $430,000 through DEX liquidity pools, swapping stolen NEAR into the tokens with one set of wallets and selling them back with another to avoid direct transfers.
The tokens drew almost no outside trading and were quickly abandoned. About 11.8 million NEAR from the hack, valued by Elliptic at $43.7 million, remained unmoved at the time of the analysis.
⭐ Layered, cheap laundering tricks like this buy hackers time, and the unmoved NEAR stash remains an overhang the market will keep watching.
#NEAR #Binance #Security #NorthKorea #Crypto
Blockchain analytics firm Elliptic says North Korean hackers created at least six new memecoins on NEAR between Nov. 5 and 7 to launder funds from the $6.3 billion Binance hack. They routed roughly $430,000 through DEX liquidity pools, swapping stolen NEAR into the tokens with one set of wallets and selling them back with another to avoid direct transfers.
The tokens drew almost no outside trading and were quickly abandoned. About 11.8 million NEAR from the hack, valued by Elliptic at $43.7 million, remained unmoved at the time of the analysis.
⭐ Layered, cheap laundering tricks like this buy hackers time, and the unmoved NEAR stash remains an overhang the market will keep watching.
#NEAR #Binance #Security #NorthKorea #Crypto
