Hey folks!! The hackers have come up with a new way to launder the stolen Binance funds—this time, they’re creating their own meme coins!!!
A November 9 report from blockchain analytics firm Elliptic (both CoinDesk and The Block picked up on it): after roughly 6.3 billion was stolen on October 29, the launderers created at least six junk meme coins on NEAR between November 5 and 7 (FUK, OLCCL, MEILI, MMLI, DABI, SINU). Each one cost about 25 NEAR to create, or around $90～ Then they set up a separate liquidity pool for each coin, paired with NEAR.
The trick is pretty sneaky: one set of wallets used the stolen NEAR to buy these meme coins, while another set sold the coins back into the pools and took out the NEAR～ With a liquidity pool in between, there were no direct transfers between the two sides, making it look like “profits from normal trading,” haha. Elliptic co-founder Tom Robinson said these six coins were basically trading with themselves; genuine outside buyers accounted for less than 1% of the trading volume in every coin. Trading in all of them stopped on November 8, and four of them also pulled the remaining liquidity from their pools.
This move shifted about 117,000 stolen NEAR, worth roughly $430,000. That’s not a huge amount, but Elliptic warned that this method is extremely cheap and could easily be scaled up. The same tactic has also appeared on Tron, while on Solana, they used existing obscure coins for similar operations～ The FBI previously attributed this theft to North Korea’s TraderTraitor group. Note: these are blockchain-tracking findings and law enforcement allegations, not a court conviction.
What’s even more painful is that about 11.8 million of the stolen NEAR are still untouched, worth roughly $43.7 million～ Elliptic says this trick doesn’t hide where the funds are going; it mainly just slows down the investigation.
Seriously, don’t trust DMs promising to “recover your stolen funds” or offering an “inside channel”—they’re all scammers!!! If you spot a newly created meme pool that nobody’s heard of, assume it could be a laundering channel, not a chance to get rich.
I just checked CoinGecko: BTC is around 74,500, ETH around 2,112, BNB around 688, and SOL around 86; the Fear & Greed Index is at 32, still in the fear zone～ October CPI is also due at 9:30 p.m. Shanghai time tonight, so don’t go wild with leverage before the data comes out.
Do you think they’ll scale up this tactic to launder an even bigger amount?
$BTC $BNB
#币安 #安全 #Crypto
A November 9 report from blockchain analytics firm Elliptic (both CoinDesk and The Block picked up on it): after roughly 6.3 billion was stolen on October 29, the launderers created at least six junk meme coins on NEAR between November 5 and 7 (FUK, OLCCL, MEILI, MMLI, DABI, SINU). Each one cost about 25 NEAR to create, or around $90～ Then they set up a separate liquidity pool for each coin, paired with NEAR.
The trick is pretty sneaky: one set of wallets used the stolen NEAR to buy these meme coins, while another set sold the coins back into the pools and took out the NEAR～ With a liquidity pool in between, there were no direct transfers between the two sides, making it look like “profits from normal trading,” haha. Elliptic co-founder Tom Robinson said these six coins were basically trading with themselves; genuine outside buyers accounted for less than 1% of the trading volume in every coin. Trading in all of them stopped on November 8, and four of them also pulled the remaining liquidity from their pools.
This move shifted about 117,000 stolen NEAR, worth roughly $430,000. That’s not a huge amount, but Elliptic warned that this method is extremely cheap and could easily be scaled up. The same tactic has also appeared on Tron, while on Solana, they used existing obscure coins for similar operations～ The FBI previously attributed this theft to North Korea’s TraderTraitor group. Note: these are blockchain-tracking findings and law enforcement allegations, not a court conviction.
What’s even more painful is that about 11.8 million of the stolen NEAR are still untouched, worth roughly $43.7 million～ Elliptic says this trick doesn’t hide where the funds are going; it mainly just slows down the investigation.
Seriously, don’t trust DMs promising to “recover your stolen funds” or offering an “inside channel”—they’re all scammers!!! If you spot a newly created meme pool that nobody’s heard of, assume it could be a laundering channel, not a chance to get rich.
I just checked CoinGecko: BTC is around 74,500, ETH around 2,112, BNB around 688, and SOL around 86; the Fear & Greed Index is at 32, still in the fear zone～ October CPI is also due at 9:30 p.m. Shanghai time tonight, so don’t go wild with leverage before the data comes out.
Do you think they’ll scale up this tactic to launder an even bigger amount?
$BTC $BNB
#币安 #安全 #Crypto