The biggest crypto heist in history, involving $6.3 billion, and hackers laundered the money by launching shitcoins: Elliptic disclosed on November 9 that North Korea’s TraderTraitor group launched six meme coins in a row on the NEAR chain from November 5 to 7—monkeys, ducks, foxes, and one featuring Elon Musk’s profile picture with the words “Elon 2028 President.” Each coin cost just 25 $NEAR , or about $90, to launch. The scheme was both dirty and clever: one set of wallets used stolen NEAR to buy the coins, while another set sold them for cash. With only a liquidity pool in between, blacklists couldn’t stop them. That’s how 117,000 NEAR, worth about $430,000, was laundered. Trading stopped on November 8, and all six coins were abandoned. What stings even more: this trick was used last year after Bybit was hacked, laundering $24 million. About $3.13 billion of the $6.3 billion in stolen funds is still in the hackers’ hands, while $2.85 billion has been frozen or intercepted. There are no secrets on-chain, only patience—you think shitcoins are a casino for retail traders, but they’ve long been a washing machine for hackers. #Binance #Hackers
