North Korean hackers are launching MEMECOINS to launder money from the $6.3 Billion Binance hack.
Blockchain analytics firm Elliptic found six such memecoins, created between November 5 and 7, each costing about $90.
The trick is simple. Hackers create a liquidity pool on a DeFi exchange, pairing the memecoin with a real crypto like $NEAR .
One hacker wallet buys the memecoin with stolen NEAR, while another sells it back into the same pool for NEAR.
This makes the receiving wallet look like it earned money through normal trading. They’ve already moved $430,000 this way on NEAR, and the same trick has shown up on Tron and Solana.
This makes the stolen crypto harder to trace.
Stolen USDT and USDC can be frozen by their issuers, but $BTC , $ETH and NEAR are not centrally controlled and can be transferred.
Hackers used this exact process in the 2025 Bybit breach, the largest crypto theft before Binance.
#BitcoinFiveWeeklyLosses
#TrendingTopic
Blockchain analytics firm Elliptic found six such memecoins, created between November 5 and 7, each costing about $90.
The trick is simple. Hackers create a liquidity pool on a DeFi exchange, pairing the memecoin with a real crypto like $NEAR .
One hacker wallet buys the memecoin with stolen NEAR, while another sells it back into the same pool for NEAR.
This makes the receiving wallet look like it earned money through normal trading. They’ve already moved $430,000 this way on NEAR, and the same trick has shown up on Tron and Solana.
This makes the stolen crypto harder to trace.
Stolen USDT and USDC can be frozen by their issuers, but $BTC , $ETH and NEAR are not centrally controlled and can be transferred.
Hackers used this exact process in the 2025 Bybit breach, the largest crypto theft before Binance.
#BitcoinFiveWeeklyLosses
#TrendingTopic
