🚨 North Korean hackers launder money from the Binance theft using their own meme coins, bypassing on-chain analysis.
📌 According to Elliptic, they created worthless tokens and paired them in liquidity pools with Near/stablecoins on Tron $TRX , Near, and Solana $SOL , obscuring any direct link between the sending and receiving wallets.
📌 On Near alone, from Nov. 5–7, six custom tokens (FUK, SINU, an Elon Musk image, etc.) cost around 25 Near each to create and moved about 117,000 Near (~$430,000) before liquidity was withdrawn on Nov. 8.
Illicit money flows are becoming increasingly sophisticated, forcing exchanges and on-chain tools to upgrade their monitoring—and meme coin investors to be more cautious.
💬 Do you think DEXs should block newly created liquidity pools to prevent this tactic?
#CryptoExchange #CryptoNews
🔗 Source: Decrypt
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 According to Elliptic, they created worthless tokens and paired them in liquidity pools with Near/stablecoins on Tron $TRX , Near, and Solana $SOL , obscuring any direct link between the sending and receiving wallets.
📌 On Near alone, from Nov. 5–7, six custom tokens (FUK, SINU, an Elon Musk image, etc.) cost around 25 Near each to create and moved about 117,000 Near (~$430,000) before liquidity was withdrawn on Nov. 8.
Illicit money flows are becoming increasingly sophisticated, forcing exchanges and on-chain tools to upgrade their monitoring—and meme coin investors to be more cautious.
💬 Do you think DEXs should block newly created liquidity pools to prevent this tactic?
#CryptoExchange #CryptoNews
🔗 Source: Decrypt
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).